Dubai’s property market delivered robust growth in November, with total market value rising 49% year-on-year, led by a sharp increase in primary sales and sustained demand for apartments across rental and ownership segments.
Key Highlights:
- Total real estate market value increased 49% year-on-year in November, reflecting strong capital inflows.
- Overall sales transactions rose 31% YoY, supported by higher activity across key market segments.
- Primary sales were the standout performer, recording a 105% YoY increase in value.
- Off-plan primary sales value climbed 72% YoY, highlighting strong investor and end-user confidence in upcoming developments.
- Ready primary sales value surged 220% YoY, indicating growing preference for completed and near-completion homes.
- Primary transaction volumes rose sharply, with off-plan volumes up 68% YoY and ready volumes increasing 63% YoY.
- Higher value growth compared to volume growth points to rising average ticket sizes, particularly in mid-to-upper market segments.
- Apartments remain the most sought-after asset class, dominating both rental and purchase searches.
- Key areas attracting primary buyers include Business Bay, Palm Deira, Jebel Ali First, and emerging growth corridors across Dubai.
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