Dubai Real Estate Market Achieves New Record: September 2024 Transactions Surge
In September 2024, Dubai’s real estate market set an all-time high in both transaction volumes and value.
A remarkable 12,470 transactions for off-plan properties were completed during the month, reflecting a 40.5% increase compared to September 2023, when 8,873 transactions were recorded. Compared to August 2024, the number of transactions also rose by 12%.
The cumulative value of off-plan properties sold in September reached $7.62 billion, marking a 31% increase from the same period in 2023. This figure also represented a slight 0.9% increase over August 2024, renewing a four-year record.
However, the median price per square metre for off-plan apartments in Dubai in September saw a slight dip, standing at $5,220 — down 1.7% from the previous month.
From $505,000
Completion in: 2029.II Total of 1097 apartments
From $213,000
Completion in: 2027.IV Total of 210 apartments
From $742,000
Completion in: 2027.IV 108 units in total
From $157,000
Completion in: 2028.II Total of 5800 apartments
From $272,000
Completion in: 2029.II Total of 726 apartments
From $589,000
Completion in: 2027.IV Total of 291 apartments
Among the most popular developments in the off-plan apartment segment were Emaar’s Golf Point (accounting for 4.8% of all transactions), DAMAC’s ELO 2 and 3 (3.6%), and Emaar’s Club Place (2.7%).
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