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Despite experiencing the heaviest rainfall in 75 years, the real estate sector demonstrated its robustness with significant transactions. The total transactions for the week amounted to AED3.8 billion
Rising prices risk making Dubai homes ‘unattainable’. Rate of capital growth for apartments is nearing that of villas. Dubai villa prices in top areas double in three years.
Despite the unprecedented heavy rains that led to a halt in business operations across the UAE, the Dubai real estate market has shown a resilient transactional performance on the 17th of April, 2024.
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Dubai Real Estate Market demonstrated a stronger preference for 'Ready' properties (64.84%) over 'Off-Plan' (35.16%) on the 15th of April 2024.
In Dubai, co-living spaces are becoming increasingly popular among first-time residents, particularly those in their 20s and 30s. Rents reach up to AED6000/month.
Total transactions value on the 4th of April was AED 1.8 billion, out of which off-plan sales had 70% share of the total, while ready properties had 30% at AED 530 million.
Dubai’s real estate market exhibited a strong performance with total transactions amounting to AED 2.08 billion. The market was dominated by off-plan properties with over 63% of the day's total value.
Dubai real estate market showed lower levels of activity than the day before yet significantly high value of transaction at AED 1.8 billion. Off-plan transactions accounted to 57% of the total value.
Dubai real estate market continued to show strong growth, as evidenced by the total value of transactions which amounted to AED 2.31 billion. Off-plan sales contributed 62.91% to the daily total.
The total value of transactions was AED 45.4 billions for the month of March 2024, down 7% from last month's total and 9% from March 2023.
