We have released our latest Dubai Residential Market Report for Q1 2024.
During the first quarter, the residential real estate market demonstrated remarkable resilience and growth.
Here are some of the key highlights from the report:
- A substantial 35% quarter-on-quarter increase in transaction volumes, reaching an all-time high of 35,100 units.
- 63% of transactions in Q1 were properties under construction.
- Off-plan sales surged by 73% quarter-on-quarter.
- Apartments continued to dominate the market, accounting for 83% of all transactions.
- Rental rates in Dubai saw an average increase of 7% across the city.
For detailed insights read the full report now.