Most buyers are focusing on off-plan residential units, according to Property Finder.
Villa and apartment purchases in Dubai reached a record high in July, with total transactions for the month increasing nearly 57% in value compared to the previous year.
The market recorded over 17,000 deals valued at AED 55.5 billion ($15.1 billion) last month, marking a “record-breaking month,” according to Property Finder.
“July was a pivotal month for the industry, with transaction values matching the highest peak recorded earlier this year, in May,” the real estate portal noted.
Most investors in July, about 59%, were seeking apartments, while 41% were interested in owning villas or townhouses.
The off-plan property market segment was a clear winner during the month, with the volume of deals rising by 77% to 9,300, representing more than half of the total. The value of off-plan deals also increased by 54% to AED 19.4 billion.
In the secondary segment, investors purchased AED 36 billion worth of units, surpassing the highest peak recorded in June 2024 by 23%.
Top preferences among homebuyers remained the established communities such as Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah.
For those looking to acquire villas, the areas attracting the most interest were Dubai Hills Estate, Al Furjan, Palm Jumeirah, and Akoya by Damac.
