Dubai’s total transaction volumes reached 35,310, an annual increase of 20.5%, marking a new record-high in Q1 of 2024. Price growth across the Dubai real estate market has continued to accelerate during Q1 2024, with average prices increasing by 20.7%.<\/p>\n
Q1 2024 also saw over 35,300 sales transactions worth around AED 88.8 billion, marking a year-on-year increase of 20.5% in volume and 24.1% in value. Off-plan sales were particularly strong, accounting for 63% of total transaction volumes. Approximately 29,300 apartment units and 6,000 villa units were sold during the quarter, with two-bedroom apartments being the most popular among buyers.<\/p>\n
In Q1 2024, Dubai witnessed the delivery of approximately 6,500 residential units. Apartments dominated the recent developments, accounting for 75% of the completions, while villas comprised 25%. The areas with the highest number of handovers were Meydan One in Mohammed Bin Rashid (MBR) City, Jumeirah Village Circle (JVC), and Al Furjan.<\/p>\n
In Dubai the average apartment and villa prices increased by 20.4% and 22.1%, respectively.<\/p>","protected":false},"excerpt":{"rendered":"
Dubai’s total transaction volumes reached 35,310, an annual increase of 20.5%, marking a new record-high in Q1 of 2024. Price growth across the Dubai real estate market has continued to accelerate during Q1 2024, with average prices increasing by 20.7%. Q1 2024 also saw over 35,300 sales transactions worth around AED 88.8 billion, marking a […]<\/p>\n","protected":false},"author":1,"featured_media":28212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_joinchat":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-35851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dubai-real-estate-news"],"yoast_head":"\n