Dubai Real Estate Market: H1 2024

Half-year Bestseller Projects

According to the Dubai Land Department data, from January to June 2024, 80,509 property transactions worth $63.5 billion were completed in Dubai.

Property deals show 32% volume increased and 30% value rose compared to H1 2023.

42% – 33,841 transactions worth $37.2 billion – Existing Properties

58% – 46,668 transactions worth $26.3 billion – Off-plan Properties

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Compared to H1 2023: 

– Existing volume increased by 11%, the value rose by 26% 

– Off-plan volume increased by 52%, the value rose by 37% 

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TOP 5 Residential Projects by Sales Value

Apartments

• Address Residences Zabeel – $1.4 billion
• Sobha One – $1.1 billion
• Oceanz by Danube – $685 million
• Keturah Resort – $400 million
• Park Lane Interiors by Vida – $387 million

Villas and Townhouses

• Haven by Aldar – $410 million
• Expo Valley – $314 million
• Lillia, The Valley – $248 million
• Mudon Al Ranim 7 – $200 million
• Amara – $190 million

Most Popular Areas to Buy Properties in H1 2024, according to the property portal, Bayut:

– Affordable

Apartments – International City

Villas – DAMAC Hills 2

– Mid-tier

Apartments – Jumeirah Village Circle

Villas – Jumeirah Village Circle

– Luxury 

Apartments – Dubai Marina

Villas – Arabian Ranches