* Dubai’s real estate market has entered a period of stabilization following significant price increases in off-plan properties during 2023.
* Recent data shows a slight decline in average prices, with off-plan sales in August 2024 witnessing a 4.2% decline from August 2023.
* The market witnessed a spike in off-plan property prices over the last year, driven by high demand and limited supply in key areas. Locations such as Dubai Hills Estate, Business Bay, and Jumeirah Village Circle surged by 15-30%.
