- April 17, 2026
- 6
- News&Media
The Dubai real estate market witnessed a total transaction value of AED 2,064,941,710 on 20 January 2024, showcasing a robust performance across both off-plan and ready properties. The breakdown of contributions from these segments highlights the dynamism of Dubai’s real estate sector.
Segment Contributions
- Off-Plan Properties contributed 60.4% of the total transactions, amounting to AED 1,246,472,097.
- Ready Properties accounted for 39.6% of the total, with transactions worth AED 818,469,613.
The significant share of off-plan properties underscores the strong investor confidence in Dubai’s development pipeline and the appeal of future-ready projects.
Off-Plan Properties Breakdown
Off-plan properties constituted the majority of the day’s transactions. The distribution among sub-categories is as follows:
- Flats: AED 917,134,722 (73.6% of off-plan transactions)
- Villas: AED 301,308,796 (24.2%)
- Hotel Apartments & Rooms: AED 13,363,250 (1.1%)
- Commercial Properties: AED 14,665,329 (1.2%)
Flats dominated the off-plan segment, reflecting strong demand for residential units in upcoming projects, while villas contributed a significant portion, indicating continued interest in luxury and family-oriented living.
Ready Properties Breakdown
Ready properties demonstrated steady performance, appealing to end-users and immediate investors. The sub-category contributions are as follows:
- Flats: AED 619,138,506 (75.6% of ready transactions)
- Villas: AED 127,738,202 (15.6%)
- Hotel Apartments & Rooms: AED 25,160,029 (3.1%)
- Commercial Properties: AED 46,432,876 (5.7%)
Flats led the ready property market, reflecting the ongoing demand for move-in-ready residential spaces, while villas and commercial properties provided notable contributions to the overall figures.
Key Insights
- Market Dynamics: The 60.4% contribution of off-plan properties indicates a forward-looking market, with investors and buyers showing confidence in Dubai’s ongoing real estate developments.
- Residential Focus: Flats remain the cornerstone of both off-plan and ready transactions, highlighting the city’s strong residential demand.
- Villa Appeal: Villas demonstrated healthy performance in both segments, showing consistent interest in luxury and family-friendly living spaces.
Conclusion
The 20 January 2024 transactions illustrate a balanced and thriving real estate market in Dubai, driven by substantial interest in both future and ready properties. With a robust contribution from off-plan developments and consistent performance in the ready market, Dubai continues to position itself as a global hub for real estate investment and growth.
Dubai Real Estate Market Review 21-Jan-2025
Properties on Sheik Zayed Road will become freehold. Dubai South is emerging as a top development hub near Al Maktoum International Airport. Affordable units in Abu Dhabi witness surge in cost.
Dubai real estate sector recorded $3.3bn of transactions last week, including $13.6m Palm Jumeirah apartment
The Dubai real estate sector recorded AED12.13m ($3.3bn) of transactions last week, according to data from the Land Department.
Affordable rents, location: Dubai’s new city around its airport in the south is among most popular
Dubai South is emerging as a top development hub near Al Maktoum International Airport, attracting buyers with affordability, strategic location, and robust growth. Property demand surged in 2024, with rising rents, competitive prices, and diverse options. The area supports freehold ownership, appealing to both local and international investors.
Appetite for off-plan properties to remain strong in Dubai’
Dubai’s off-plan market remains strong, driven by innovative financing and investor confidence. Acube Developments launched the AED 1.5 billion VEGA residential tower in Dubai Sports City, set for completion in Q2 2027. Funded in-house, the project reflects market resilience, rising tender costs, and robust demand for premium developments.
Affordable units in Abu Dhabi witness surge in cost
Abu Dhabi’s real estate market thrived in 2024, with property prices rising across affordable and luxury segments. Al Ghadeer saw the highest growth (19.8%), while Saadiyat Island led luxury apartment gains (32.4%). Yas Island dominated luxury villa sales (22.1%). Al Reef offered top ROI (8.64%) for budget-friendly investments.
Dubai real estate: Secondary housing market set for a strong 2025 come back, driven by family relocations
Dubai’s secondary housing market is thriving, driven by expat relocations and demand for ready-to-move-in homes. While new handovers will balance prices, prime and super-prime sectors may see moderate growth. Investor-friendly policies and branded residences further boost Dubai’s appeal as a secure, family-friendly global destination.
Acube Developments unveils its third project – Vega in Dubai Sports City
Acube Developments has launched Vega, a 23-floor residential tower in Dubai Sports City inspired by nature. Featuring 131 units, 35+ premium amenities, and smart home technology, it offers a blend of luxury and sustainability. Strategically located, Vega emphasizes comfort, innovation, and community living, with handover expected in Q2 2027.
Dubai allows property owners on Sheikh Zayed Road, Al Jaddaf to convert to freehold ownership
Dubai now allows property owners along Sheikh Zayed Road and Al Jaddaf to convert leasehold properties to freehold, benefiting all nationalities. This initiative applies to 457 plots, enhancing property value and boosting Dubai’s real estate sector. Conversion involves a 30% fee of property valuation, aligning with Dubai’s Real Estate Strategy 2033.
Meydan awards over AED 1 billion construction contract for
Meydan has awarded a AED 1 billion contract to Ginco General Contracting for Phase Two of District One West in Mohammed Bin Rashid Al Maktoum City. Featuring 229 luxury villas, this gated community offers wellness-focused living, lush green spaces, Crystal Lagoon views, and proximity to Downtown Dubai and Ras Al Khor Wildlife Sanctuary.
Relata accelerates global growth with strategic expansion into Dubai
Relata, a leading real estate technology provider, expands into Dubai through a joint venture with Cognilements International and Neeraj Srivastava, who will chair Relata GCC and Africa. Leveraging advanced AI, analytics, and VR solutions, Relata aims to transform Dubai’s booming real estate market, which achieved $142.25 billion in deals in 2024.
Ay Tay Hills project launches in Sharjah
Kuwait Real Estate Company (Aqarat) and IFA Hotels and Resorts launched Al Tay Hills in Sharjah, a $952.9 million project spanning 6 million sqft with 1,100 villas and townhouses. Featuring a 2.5km “green river,” extensive green spaces, and modern amenities, it offers luxury living while promoting sustainability. Completion is set for 2028.
Nisus Finance Expands Footprint with Key Dubai Acquisitions
Nisus Finance Services acquired two Grade A residential properties in Jumeirah Village Circle and Al Furjan, adding $55 million to its AUM. Positioned for strong returns amid Dubai’s 25% home sales growth and 4.6% GDP rise, the company also opened a new Dubai office to expand its regional presence.
