The Dubai real estate market recorded a total transaction value of AED 1,782,629,915 on 19 February 2024, reflecting continued investor confidence in both off-plan and ready properties. The transactions were dominated by off-plan deals, which accounted for 60.9% of the total market share, while ready properties contributed 39.1%.

Off-Plan Transactions

Off-plan properties led the market, with a total transaction value of AED 1,085,410,906, highlighting strong investor interest in future developments. This segment was primarily driven by the sale of flats, which accounted for 75.9% of off-plan sales, amounting to AED 824,845,389.

• Flats: AED 824,845,389 (75.9%)
• Villas: AED 256,443,830 (23.6%)
• Hotel Apartments & Rooms: AED 1,870,196 (0.2%)
• Commercial Properties: AED 2,251,491 (0.2%)

The significant dominance of flats within the off-plan sector suggests a continued preference for high-density, residential developments, likely in prime and upcoming locations.

Ready Property Transactions

The ready property market reported transactions worth AED 697,219,009, making up 39.1% of the day’s total sales. Within this segment, flats also emerged as the most traded asset, contributing 61.2% of total ready property transactions.

• Flats: AED 426,408,318 (61.2%)
• Villas: AED 144,134,211 (20.7%)
• Hotel Apartments & Rooms: AED 39,969,434 (5.7%)
• Commercial Properties: AED 86,707,047 (12.4%)

The strong presence of commercial properties in the ready segment, at 12.4%, indicates sustained demand for business and retail spaces, likely fueled by Dubai’s expanding economy and business-friendly environment.

Key Insights

1. Off-plan properties dominated the market, with nearly 61% of all transactions, reinforcing investor confidence in Dubai’s long-term real estate growth.
2. Flats accounted for the highest transaction volumes in both off-plan and ready categories, making up 75.9% of off-plan and 61.2% of ready sales.
3. Villas retained a significant market share, especially in the off-plan segment, where they contributed 23.6% of sales, reflecting the growing preference for spacious living options.
4. Commercial properties saw notable activity in the ready market, comprising 12.4% of ready transactions, signaling robust interest in established commercial spaces.

Market Outlook

With strong activity in both off-plan and ready property sectors, Dubai’s real estate market continues to show resilience and attract diverse investor profiles. The dominance of off-plan flats suggests that buyers remain optimistic about future developments, while the steady performance of ready properties highlights sustained demand for immediate occupancy options. As Dubai continues to evolve as a global real estate hub, the balance between off-plan and ready transactions will be a key indicator of market sentiment and investment trends in the coming months. Investors and homebuyers should closely monitor these movements to make informed decisions in this dynamic market.

Dubai Real Estate Market Review 20-Feb-2025

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