Affordable properties are becoming increasingly popular in Dubai with homes under Dh1 million making up 32.2% of sales in November, up from 26.7% in October. Studios and one-bedroom apartments are in high demand, driving apartments to account for over 84% of total sales.
Source: Bayut
Dubai's residential market showed strong growth in November with a 15.4% year-over-year increase, totaling 12,695 transactions. Despite a slight slowdown from October’s record, prices rose by 0.38% indicating a steady market.
The commercial sector also performed well with total sales reaching Dh9.2 billion, a 3.1% increase year-over-year. Office sales surged by 24.2% with rents for office spaces rising 28.1%. High demand for premium office spaces and rental growth continue to define Dubai's commercial market.