Dubai Real Estate Market in May 2024

Dubai Real Estate Market in May

Last Month Bestseller Projects

According to the Dubai Land Department data: In May 2024, 17,527 property transactions worth $12.5 billion were completed in Dubai.

This is the highest performance since 2009

Property deals show 50% volume increased and 35% value rose compared to May 2023.

38% – 6,572 transactions worth $6.5 billion – Existing Properties

62% – 10,955 transactions worth $6 billion – Off-plan Properties

Compared to May 2023:

Existing volume increased by 9%, the value rose by 21%

Off-plan volume increased by 92%, the value rose by 54%

TOP Residential Projects by Sales Value

– Apartments

• Sobha One – $702 million
• Park Lane Interiors by Vida – $283 million
• City Walk Northline –$170 million
• Vida Residences Dubai Hills Estate – $151 million
• Ocean Point – $135 million

– Villas and Townhouses

• Haven by Aldar – $253 million
• Lillia, The Valley – $231 million
• Amara, Tilal Al Ghaf  – $123 million
• The Lakeshore Villas by Ellington – $72 million
• Expo Valley – $55 million

1st Place by Sales Volume

– Apartments – Sobha One

– Villas and Townhouses – Lillia, The Valley