Dubai Real Estate Market in November 2024

Last Month Bestseller Projects 

According to the Dubai Land Department data:

– In November 2024, 13,725 property transactions worth $11.02 billion were completed in Dubai. 

Property deals show 13% volume rose and 4% value dropped compared to November 2023. 

42% – 5,761 transactions worth $6.38 billion – Existing Properties

58% – 7,964 transactions worth $4.64 billion – Off-plan Properties 

Compared to November 2023:

– Existing properties – volume dropped by 9%, the value dropped by 17%

– Off-plan properties – volume rose by 36%, the value rose by 22%

TOP 5 Residential Projects by Sales Value 

Apartments

1. Vida Residences Club Point – $146 million

2. Sobha SeaHaven – $132 million

3. Skyscape – $125 million

4. Enara by OMNIYAT – $117 million

5. Marina Cove – $111 million

Villas and Townhouses

1. Riverside – $196 million

2. Greenridge – $102 million

3. Avena, The Valley – $101 million

4. Velora, The Valley 2 – $36 million

5. Lua Residences – $22 million

1st Place by Sales Volume

Apartments – Vida Residences Club Point 

Villas and Townhouses – Riverside