Dubai Real Estate Market in October 2024

Last Month Bestseller Projects 

According to the Dubai Land Department data:

– In October 2024, 20,665 property transactions worth $16.74 billion were completed in Dubai. 

This is the highest performance since 2009

Property deals show 191% volume rose and 107% value increased compared to October 2023. 

35% – 7,135 transactions worth $9.18 billion – Existing Properties

65% – 13,530 transactions worth $7.56 billion – Off-plan Properties 

Compared to October 2023:

– Existing properties – volume rose by 28%, the value increased by 31%

– Off-plan properties – volume rose by 790%, the value increased by 590%

TOP 5 Residential Projects by Sales Value 

Apartments

1️. Sobha Orbis – $243 million

2️. Address Residences Dubai Hills Estate – $218 million

3️. Cilia, Ghaf Woods – $191 million

4️. Sobha SeaHaven – $190 million

5️. Serra, Ghaf Woods – $136 million

Villas and Townhouses

1️. Riverside – $623 million

2️. Greenridge – $303 million

3️. Athlon by Aldar – $237 million

4️. Avena, The Valley – $178 million

5️. Venera, The Valley 2 – $84 million

1st Place by Sales Volume

• Apartments – Sobha Orbis
• Villas and Townhouses – Riverside