Dubai’s real estate market is maturing, with a growing number of transactions involving affordable housing. Two out of every five ready home sales in Q3 2024 were priced below DH 1 million.
The market continues to perform strongly, with capital values increasing across all segments. Villas, particularly in prime locations, have seen significant appreciation, with some communities doubling in value since 2020.
The market is witnessing a shift towards mid-market and affordable apartments, with average transaction sizes and prices per square foot declining. Off-plan sales reached a record high of 32,968 transactions in Q3 2024, worth Dh83.2 billion.
