Record Transaction Volumes Despite Dip
While November saw a 29.2% drop in sales transactions from October's record highs, the month still set a new benchmark for November with over 14,483 transactions—a rise of 18% from last year. Residential properties dominated, accounting for 93.5% of the activity.
Off-Plan Market at New Heights
November witnessed the launch of over 17,700 off-plan units, the highest monthly volume ever recorded. These projects, with a combined gross sales value of AED 53.7 billion, reflect a shift towards diverse offerings across all price segments, contrasting with the luxury-dominated launches of 2023.
Robust Mortgage Activity
Mortgage transactions saw a slight dip of 7.3% in November, yet new purchase money loans surged, capturing over 60% of the market. The average loan value of AED 2.03 million highlights continued confidence in Dubai’s property sector.
Looking Ahead to 2025
As Dubai’s real estate market matures, sustainability and balance are the focus. With ambitious plans like the 2040 Urban Master Plan and Real Estate Sector Strategy 2033 underpinning growth, Dubai remains a global standout. However, stakeholders must remain vigilant to avoid oversupply and maintain the market's healthy trajectory.
📊 All statistics are provided by Property Monitor—the region’s leading real estate intelligence platform.
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