Residential Market Monthly - September 2024

Residential activity remained relatively stable across Dubai as transaction volumes slipped to 14,700 units from 15,300 units in July.
When compared to the previous year, the total units sold in August increased by 32% y/y. The YTD transaction numbers have also increase by 31% y/y compared to the 79,300 units sold between January to August in 2023.
With the latest set of transactions, the total value of units sold across Dubai reached AED 265bn YTD, up 30% y/y and a new record for the city.
New project launches across the city have been buoyant. So far this year, Dubai has seen more than 93,000 new units launched across various sub-markets. This is the highest number of units launched in the city’s development history.

Swapnil Rajasekharan Pillai