In February 2024, the Dubai real estate market continues to show strength
and dynamism — let’s see the numbers!
- Total Property Sale Transactions
ALL (off-plan and ready): 12,025
Up 34% vs. February-2023
READY: 5,390
Up 40.6% vs. February-2023
OFF-PLAN: 6,635
Up 29% vs. February-2023
OFF-PLAN Apartments: 5,887
Up 66.3% vs. February-2023 - Total Sales Value
ALL (off-plan and ready): AED 36.7B
Up 37.7% vs. February-2023
READY: 22.9B
Up 85.1% vs. February-2023
OFF-PLAN: AED 13.8B
Down 3.3% vs. February-2023
OFF-PLAN Apartments: AED 11.3B - Top 5 Areas in Demand for Off-Plan & Ready Property:
Al Barsha South Fourth
Madinat Dubai Al Melaheyah
Business Bay
Dubai Marina
Jabal Ali First - Average Rental Property Prices
Apartments: AED 72.5K
Up 20.8% vs. February, 2023
Villas: AED 170K
Up 17.2% vs. February, 2023
Commercial: AED 70K
Up 0% vs. February, 2023
- Average Property Price
Off-Plan Apartment: AED 1.3M
Up 10.8% vs. February, 2023
Ready Apartment: AED 1.1M
Up 10% vs. February, 2023
*All data is provided by dxbinteract