Dubai Real Estate Transactions as Reported on the 30th of December 2024

The Dubai real estate market closed December 30, 2024, with an impressive total transaction value of AED 2,584,172,203. This figure is a testament to the city’s thriving real estate landscape, driven by robust activity across both off-plan and ready properties.

Off-Plan Properties

Off-plan transactions contributed 72.3% of the total, amounting to AED 1,868,405,828. This highlights the continued strong demand for new developments in Dubai. Breaking down the sub-categories:

• Flats: Dominated the off-plan segment, contributing 84.8% of the total off-plan transactions with a value of AED 1,584,543,553.
• Villas: Represented 11.4% of off-plan transactions, totaling AED 212,101,983.
• Hotel Apartments & Rooms: Recorded AED 7,652,838, a modest 0.4% contribution.
• Commercial: Accounted for 3.4%, with transactions worth AED 64,107,454.

Ready Properties

Ready property transactions comprised 27.7% of the total, valued at AED 715,766,375. This reflects a consistent interest in immediately available properties. The contributions of the sub-categories were as follows:

• Flats: Led the ready market with a 64.6% share, amounting to AED 462,359,657.
• Villas: Accounted for 24.8%, with transactions worth AED 177,635,531.
• Hotel Apartments & Rooms: Contributed 3%, totaling AED 21,685,828.
• Commercial: Made up 7.6%, with a value of AED 54,085,359.

Key Insights

1. Dominance of Off-Plan Transactions: With over 72% of the total, off-plan properties underline Dubai’s appeal as a hub for future-focused investments, driven by ongoing infrastructure and development projects.
2. Flats as a Preferred Choice: Flats led transactions in both off-plan and ready segments, highlighting their accessibility and popularity among buyers.
3. Balanced Market Activity: The ready property market’s 27.7% share reflects a steady demand for move-in-ready homes, catering to immediate housing and investment needs.
4. Growing Interest in Villas: Villas demonstrated significant contributions in both off-plan (11.4%) and ready (24.8%) segments, indicating a rising preference for larger residential spaces.

Conclusion

The robust performance of Dubai’s real estate market on December 30, 2024, underscores the city’s dynamic property sector. The strong off-plan activity reflects investor confidence in Dubai’s long-term growth, while the sustained interest in ready properties indicates a balanced and vibrant market. With its strategic initiatives and continuous development, Dubai remains a global hotspot for real estate investment and lifestyle opportunities.