Dubai closed 2024 on a powerful note, recording AED 147.2B in property sales, a 20.1% year-on-year increase. Momentum remained strong across both resale and off-plan segments, with renewed confidence in ready inventory, robust financing activity, and a sharp focus on long-term value.
Key Highlights:
- Resale transactions surged 32.9% YoY, reflecting a growing shift toward ready properties and capital gains strategies.
- Mortgage volumes hit AED 55.2B, up 76% YoY, signaling greater investor leverage and structured deal-making.
- Off-plan sales dipped 4.1% QoQ, while project delivery delays rose to 39.8%, amplifying interest in completed assets and track-record developers.
- Top-performing areas: Jumeirah Village Circle (JVC), Wadi Al Safa 5, and Business Bay remained in high demand for both apartments and villas.
- Luxury spotlight: Dubai Hills Estate recorded a AED 200M villa sale, reinforcing Dubai’s continued appeal among global ultra-high-net-worth buyers.
By downloading the full report, you’ll uncover:
- Deep-dive comparisons between off-plan and resale market trends.
- Yearly transaction growth across price segments and communities.
- Detailed mortgage behavior, loan-to-value patterns, and buyer profiles.
- Community-level performance data and delivery timelines.
- Strategic outlook on 2025 inventory, pricing, and investor sentiment.
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