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- Dubai Real Estate Market: A Comprehensive Analysis of November 2024
Dubai Real Estate Market: A Comprehensive Analysis of November 2024
November 2024 marked a pivotal month for Dubai's real estate landscape, with total transactions reaching an impressive 13,502 sales valued at AED 40 billion. This performance reflects the city's continued magnetism for global investors and its robust property ecosystem.
Transaction Breakdown and Value Analysis
Property Type | Sales Volume | Sales Value (AED) |
Apartments | 10,857 | 19.9 Billion |
Villas | 1,903 | 10.2 Billion |
Commercial Properties | 354 | 1.3 Billion |
Entire Buildings | 1 | 505 Million |
Land Plots | 387 | 8.1 Billion |


Top 5 performing areas - November 2024
Residential Real Estate: The Backbone of Dubai's Property Market
Apartments: Urban Living Dominance
- 10,857 apartment transactions
- Represents nearly 50% of total market activity
- Average value of AED 1.83 million per unit
Villas: Luxury and Space
- 1,903 villa sales
- 25.50% market share
- Reflects growing preference for spacious, private living environments
Land Plots: Strategic Investment Opportunity
- 387 plot transactions
- Substantial value of AED 8.1 billion
- Average plot value: AED 20.93 million
- Indicates strong interest in future development and land banking
- Potential for residential, commercial, and mixed-use projects
Commercial Real Estate: Measured Growth
- 354 commercial property transactions
- Total value of AED 1.3 billion
- Average commercial property value: AED 3.67 million
- Suggests cautious but steady commercial real estate interest

Market Indicators and Economic Implications
Price Stability
- Average price per square foot: AED 1,497
- Indicates a balanced and mature market
- Attractive for both local and international investors
Investment Attractiveness
- Transparent transaction mechanisms
- Diverse property options
- Strong regulatory framework
- Competitive pricing
- Strategic global location
Future Outlook
Projected Trends
1. Continued residential market strength
2. Increasing demand for spacious properties
3. Growing interest in sustainable and smart home technologies
4. Potential for further commercial sector expansion
Investor Considerations
- Diversified investment opportunities
- Stable market conditions
- Potential for long-term capital appreciation
- Robust rental market
Conclusion
Dubai's real estate market in November 2024 demonstrates remarkable resilience, diversity, and potential. With a balanced mix of residential, commercial, and land investments, the market continues to offer compelling opportunities for global investors.
Data Source: dxbinteract