Dubai Real Estate Market in July 2024

Last Month Bestseller Projects

According to the Dubai Land Department data, in July 2024, 16,489 property transactions worth $13.86 billion were completed in Dubai.

This is the highest performance since 2009

Property deals show 16% volume increased and 12% value rose compared to July 2023.

41% – 6,793 transactions worth $8.32 billion – Existing Properties

59% – 9,696 transactions worth $5.54 billion – Off-plan Properties

Compared to July 2023:

– Existing properties – volume increased by 15%, the value rose by 21%

– Off-plan properties – volume increased by 86%, the value rose by 63%

TOP 5 Residential Projects by Sales Value

Apartments

1. Palace Residences Dubai Hills Estate – $636 million

2️. ARLO – $282 million

3️. Bayz 101 by Danube – $187 million

4️. Baccarat Hotel and Residences – $81 million

5️. Beach Residences Dubai Islands – $77.5 million

Villas and Townhouses

1️. Nad Al Sheba Gardens – $209 million

2️. Greenway – $112 million

3️. Golf Lane – $111 million

4️. South Bay 6 Premium – $65 million

5️. South Bay 5 Premium – $52 million

1st Place by Sales Volume

Apartments – Palace Residences Dubai Hills Estate

Villas and Townhouses – Greenway