Dubai Residential Market Booms with 55% Surge in Transactions – Sobha Realty Leads the Way
Dubaiu2019s real estate market booms with a 55% surge in transactions in Q4 2024. Sobha Realty leads, with Dubailand and Palm Jumeirah topping sales. Invest with Inchbrick Realty today!
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Dubai Residential Market Booms with 55% Surge in Transactions Sobha Realty Leads the Way Dubai s real estate market continues to thrive, recording a 55% Year-on-time surge in residential transactions in Q4 2024, with a 44% rise in registered home sales value. According to data from Square Yards, a total of 33,110 residential transactions took place from October to December 2024, up from 21,405 deals in the same period of 2023. The gross transaction value( GTV) soared to AED 65.23 billion, reflecting strong investor confidence in Dubai s property sector. While there was a slight 0.5% dip in quarterly transactions, the overall market remains robust, showcasing long-term growth potential. The average registered home deal value stood at AED 1.97 million, indicating a 7% decline compared to the previous year, highlighting a growing demand for affordable domestic residential properties. Top Real Estate Developers & High- Performing systems In Q4 2024, Sobha Realty emerged as the top-performing developer, leading with 1,960 residential Transactions, largely driven by the Sobha Orbis project. Azizi Developments followed closely with 1,158 transactions, supported by the Azizi Venice community. Damac Properties secured third place with 1,050 transactions, thanks to the popularity of Damac ELO. Binghatti Developers ranked fourth with 700 transactions, with Binghatti Hills as a standout project.
Top Developers by Registered Home Sales Value Sobha Realty AED 4,297 million( Sobha Orbis) Emaar Properties AED 1,965 million( Emaar Marina Cove) Damac Properties AED 1,464 million( Damac Lagoon Views) Azizi Developments AED 1,370 million( Azizi Venice) Note: Figures include off-plan residential transactions. Market TrendsArea-Wise & Budget-Wise Analysis Shift Towards Compact Homes & Mid-Tier Investments Dubai s property market has seen a rising preference for smaller homes, with 75% of total transactions in Q4 2024 involving units below 1,000 sq. ft., compared to 61% in Q4 2023. Meanwhile, demand for larger properties ( above 1,000 sq. ft.) fell to 25%, down from 39% the previous year. Also, properties priced under AED 2 million accounted for 74% of all transactions, up from 70% in Q4 2023, reinforcing a shift towards affordable and mid-range housing. Premium properties in the AED 3-5 million and above AED 5 million categories saw a slight dip in demand. . Top Micro-Markets Driving Dubai s Real Estate Growth Dubai recorded 33,110 domestic deals in Q4 2024, with the following micro-markets leading in volume. 1. Dubailand 28% share of total sales value 2. Palm Jumeirah 22% share 3. Jumeirah 13% share Mohammed Bin Rashid City( MBR City) 9 of total deals Together, these three areas contributed 59% of Dubai s total sales transactions. Top Areas by Registered Deals Value Dubai s total registered home sale value for Q4 2024 was AED 65.23 billion, with the top-performing areas being. Dubailand 24% share of total deal value Palm Jumeirah 14% share Jumeirah 13% share These three locales accounted for 51% of Dubai s total sales value, highlighting their attractiveness to investors and homebuyers likewise. also, Business Bay topped the list for sale value, while Jumeirah Village Circle( JVC) led in total deals. Dubai Marina, Downtown Dubai, and Al Barsha remained top players in the
central micro-market, while Bukadra and Dubai World Central saw added investment in external Dubai. Why Choose Inchbrick Realty? As Dubai s real estate request continues to evolve, Inchbrick Realty stands out as a trusted mate for investors and homebuyers. With deep market insights and access to the latest off-plan projects and ready properties, we help you navigate Dubai s booming property sector with ease. Exclusive Access to Top systems Sobha Orbis, Azizi Venice, Damac ELO, and more. Expert Market Guidance acclimatized investment strategies for every budget. Seamless Buying Process From property selection to attestation. Strong inventor hookups Stylish deals and offers on decoration properties. Looking to invest in Dubai s thriving real estate market? Contact Inchbrick Realty moment! ? Office Burlington Tower, Business Bay, Dubai, UAE ? Call/ WhatsApp 971547614449| 9999015246 ? Dispatch info@inchbrick.com ? Website www.inchbrick.com Conclusion Dubai s residential market market is witnessing unknown growth, with increased transaction volume and strong investor demand. As the city continues to expand, openings remain high, especially in affordable and mid-tier housing. Whether you are looking for an investment or a dream home, now is the perfect time to explore Dubai s thriving real estate request with Inchbrick Realty. Stay ahead in Dubai s real estate requests. Get expert guidance from Inchbrick Realty moment!
