Primary sales by developers significantly surpassed re-sales in the secondary market. Dubai’s real estate market achieved total sales of $38 billion in Q3 2024, setting a new record for the highest sales value ever recorded in a single quarter. This surpassed the previous record of $33.47 billion set in Q2 2024, representing a 30.1% increase compared to the same period last year. In a market report...
The third quarter of 2024 saw a decline in the number of luxury property listings in Dubai, as demand continued to exceed supply. In Q3 2024, there were 400 deals recorded in the city’s prime areas, a decrease from 489 in Q3 2023. This trend indicates a drop in the number of homes available for sale throughout the city. Listings in four key luxury areas fell by 52% in Q3 2024 compared to the same...
The UAE real estate market is projected to reach AED 2.5 trillion ($681 billion) by the end of 2024, as reported by QUBE Development. This significant growth is attributed to multiple factors, with the off-plan sector being the primary driver, accounting for 65% of total sales transactions in August 2024. This marks a 54% increase in volume compared to the same period last year. ###...
The Future Living: Dubai 2024 Edition report, which gathered feedback from 1,612 participants, indicates that 72% anticipate property prices to increase over the coming year. A recent survey by Betterhomes highlights the strong growth and changing preferences within Dubai’s property market. According to the Future Living: Dubai 2024 Edition report, 72% of the 1,612 respondents predict that property...
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