The second quarter of 2024 marked a historic period for Dubai's residential market, with record-breaking property transactions highlighting the city's robust demand from both end-users and investors. This surge in activity underscores strong market sentiment towards off-plan projects, driven by a shortage of ready-to-move-in inventory.
The city-level average price per square foot has reached a historic peak, indicating a stabilising trend in property prices and a balanced market. Affordability continues to drive the market under AED 2 million, catering to middle-income earners and expats, with areas like Jumeirah Village Circle, Dubai Sports City, and Dubailand seeing higher activity due to their relatively lower prices.
In our comprehensive Q2 Residential Market report, you'll find all the latest real estate insights including:
Sales Transactions
Real Estate Prices
Demand and Supply
Luxury Market
Rental Market