Q3 2024 Market Analysis

Dubai’s residential real estate market continued its strong upward trajectory in Q3 2024, recording a total transaction value of AED 142.5 billion, up 34.45% year-on-year, and 59,710 transactions, marking a 39.66% increase from Q3 2023. The surge was fueled by robust investor confidence and a thriving off-plan property sector, which accounted for over 60% of total transactions in some months. Both primary and secondary markets showed solid growth, supported by sustained demand from local and international buyers. Leading hotspots such as Jumeirah Village Circle, Business Bay, Dubai Hills Estate, and Damac Hills 2 continued to attract strong buyer and renter interest, reinforcing Dubai’s position as a global real estate powerhouse.

Download the reportAll reports

13 pages, PDF

Inside this report

  • Sustained Market Growth in Q3 2024

    Dubai’s real estate sector posted impressive gains in Q3 2024, with AED 142.5B in total value and 59,710 transactions, reflecting steady confidence among investors. Strong month-on-month performance in July, August, and September highlights continued appetite for both off-plan and ready properties.

  • Off-Plan Market Leads the Momentum

    Off-plan properties dominated Q3 2024, accounting for up to 62% of transaction values during the quarter. This demand surge showcases growing investor trust in Dubai’s future developments, with buyers drawn to flexible payment plans, modern designs, and long-term appreciation potential.

  • Top Performing and Emerging Areas

    Prime areas like Jumeirah Village Circle, Business Bay, Dubai Hills Estate, and Damac Hills 2 remained top choices for buyers and tenants. These communities offer strong ROI potential, family-friendly amenities, and proximity to key business and leisure hubs, making them ideal for investment.

Download Q3 2024 Market Analysis

Tell us where to send it and the PDF arrives by email.

By submitting this you agree to our Privacy Policy.