Overview of Real Estate Transactions
Focus on the Off-Plan Property Market
Top 5 neighbourhoods by transaction value in the off-plan market in July 2024:
Ready Property Market
Top 5 neighbourhoods by transaction value in the ready property market in July 2024:
Dubai's property market continues to show signs of strength in July 2024. The figures point to a significant increase compared with both June 2024 and July 2023. Here is a detailed look at this month's property transactions and a comparison with the previous year, brought to you by Madely Properties, based on data from the Dubai Land Department and DXBInteract.
Overview of Real Estate Transactions
In July 2024, the total value of Dubai property transactions reached AED 61,127,350,506, marking a notable increase compared with July 2023.
That's an increase of AED 3.8 billion compared with June 2024.
Focus on the Off-Plan Property Market
Off-plan transactions totalled AED 20,405,655,576 in July 2024, representing 33.38% of the total transaction value. Compared with July 2023, this segment also showed an increase.
Apartments continue to dominate this segment, accounting for 78.91% of the total off-plan transaction value.
Top 5 neighbourhoods by transaction value in the off-plan market in July 2024:
Ready Property Market
Ready property transactions reached a value of AED 14,683,630,907 in July 2024, an increase compared with the previous year.
Apartments also dominate this segment, highlighting steady demand for move-in-ready properties.
Top 5 neighbourhoods by transaction value in the ready property market in July 2024:
Conclusion
Dubai's property market in July 2024 shows positive momentum, with significant investment across various property types. Compared with July 2023, transactions rose substantially, despite only a slight increase over June 2024. These trends show that Dubai continues to attract buyers and investors, cementing its position as a top destination for property investment worldwide.
Read also:
Key Figures Analysis of the Dubai Real Estate Market in June 2024
Luxury villa price ranges in Dubai by neighbourhood
Dubai apartment prices by neighbourhood in 2025
Rental prices in Downtown Dubai: a detailed analysis
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