In the Dubai Real Estate Market Report for March 2024, the total property sale transactions surged by 10.2% compared to March 2023, with increases noted in both ready and off-plan segments. Let’s delve into the numbers!
1. Total Property Sale Transactions
ALL (off-plan and ready): 13,394
Up 10.2% vs. March-2023
READY: 5,642
Up 9.9% vs. March-2023
OFF-PLAN: 7,752
Up 10.4% vs. March-2023
OFF-PLAN Apartments: 6,689
Up 21.2% vs. March-2023
2. Total Sales Value
ALL (off-plan and ready): AED 36.6B
Up 7.4% vs. March-2023
READY: 20.2B
Up 6% vs. March-2023
OFF-PLAN: AED 16.4B
Up 9.1% vs. March-2023
OFF-PLAN Apartments: AED 12.8B
3. Top 5 Areas in Demand for Off-Plan & Ready Property:
Al Barsha South Fourth
Business Bay
Dubai Marina
MBR City
Zaabeel First
4. Average Rental Property Prices
Apartments: AED 72.2K
Up 20.3% vs. March, 2023
Villas: AED 165K
Up 13% vs. March, 2023
Commercial: AED 55.1K
Up 43.5% vs. March, 2023
5. Average Property Price
Off-Plan Apartment: AED 1.2M
Down 2.2% vs. March, 2023
Ready Apartment: AED 1.1M
Up 7.6% vs. March, 2023
*All data is provided by dxbinteract