Dubai’s property market reached unprecedented levels in 2024, recording AED 522.5B in total sales—a 27.1% year-on-year increase. Transaction volume exceeded 181K across all asset classes, reflecting heightened demand for both off-plan and ready units. Investor leverage expanded alongside increased mortgage activity, while project delivery delays reshaped focus toward developer track record and completed inventory.
Key Highlights:
- Mortgage financing reached AED 187.3B—up 15% YoY, with an average loan-to-value (LTV) ratio of 76.1%, signaling increased leverage and structured acquisitions across segments.
- Off-plan transactions surged 51% YoY, but resale volumes also grew 13.8%, revealing a more balanced buyer appetite between immediate occupancy and future-focused investment.
- Over 39% of scheduled unit handovers were delayed, intensifying buyer scrutiny of developer reliability and construction timelines.
- Delivery volumeswere concentrated in areas like JVC, Al Merkadh, and Jabal Ali First—shaping supply visibility and resale activity.
- Luxury spotlight:A penthouse in Bayview, Marsa Dubai sold for AED 531M—Dubai’s most expensive transaction in 2024.
By downloading the full report, you’ll unlock:
- Quarter-by-quarter comparisons of off-plan vs. resale performance.
- Buyer profile segmentation, loan-to-value trends, and average property prices by segment.
- Mortgage activity shifts and financing behavior across asset types.
- Delivery data by area and developer—including delays and completions.
- A strategic forecast for 2025 inventory, pricing, and investor sentiment.
Stay ahead in Dubai’s real estate market—click below to access the full report.