Residential Market Monthly

September showed no signs of slowdown in Dubai’s residential sector as more than 16,800 residential units were transacted across the city, setting a new monthly record.
Off-plan properties constituted 72% of the total demand in September, continuing to outpace demand for completed/ready projects.
The new transaction record has also pushed the total value of units sold across the city. Total sales in September were valued at AED 38.12bn, up from AED 37.32bn in August, while the total value of units sold across Dubai so far has touched AED 303.45bn, up 22% y/y.
An additional 25,300 units have been launched across Dubai in Q3. With the new set of launches, the total supply introduced across Dubai has increased to 106,700 units compared to 76,000 new unit launched between January to September in 2023.

Swapnil Rajasekharan Pillai