Dubai real estate sector starts the year 2024 strong and steady — let’s see the numbers!
1. Total Property Sale Transactions
ALL (off-plan and ready): 11,029
Up 12.9% vs. January 2023
OFF-PLAN: 6,011
Up 6% vs. January 2023
OFF-PLAN Apartments: 5,444
Up 21.3% vs. January 2023
2. Total Sales Value
ALL (off-plan and ready): AED 34.8B
Up 24.7% vs. January 2023
OFF-PLAN: AED 14.9B
Down 1% vs. January 2023
OFF-PLAN Apartments: AED 12.8B
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Al Barsha South Fourth
Business Bay
Madinat Dubai Al Melaheyah
Dubai Marina
Dubai Hills Estate
4. Average Rental Property Prices
Apartments: AED 70K
Up 25% vs. January 2023
Villas: AED 170K
Up 13.3% vs. January 2023
Commercial: AED 59.5K
Up 41.7% vs.January 2023
5. Average Property Price
Off-Plan Apartment: AED 1.4M
Up 2% vs. January 2023
Ready Apartment: AED 1M
Down 6.7% vs. January 2023
*All data is provided by dxbinteract