Real Estate Market in March

Last Month Bestseller Projects

According to the Dubai Land Department data:

– In March 2024, 13,839 property transactions worth $10.3 billion were completed in Dubai.

Property deals show 14% rising and 12% value increasing compared to March 2023.

43% – 5,901 transactions worth $5.8 billion – Existing Properties

57% – 7,938 transactions worth $4.5 billion – Off-plan Properties

Compared to March 2023:

– Existing volume rose by 2.9% (the value didn't change)

– Off-plan volume rose by 23.6%, the value increased by 32.3%

TOP Residential Projects by Sales Value

Apartments

1.  Address Residences Zabeel – $454 million
2.  Oceanz by Danube – $99.8 million
3.  Sobha One – $94.8 million
4. 330 Riverside Crescent – $94.4 million
5.  Sobha SeaHaven – $93.6 million

Villas

1.  Bay Villas, Dubai Islands – $322 million
2.  Farm Gardens 2 – $215.7 million
3.  Sobha Reserve – $147 million
4. Sobha Estate Villas – $63 million
5.  Park Greens, DAMAC Hills 2 – $66.7 million

1st Place by Sales Volume

Apartments – Address Residences Zabeel

Villas – Bay Villas, Dubai Islands