Dubai’s real estate market set a new record in Q3 2024, with total sales reaching AED141.9bn ($38.6bn), marking a 30.1% increase from the previous year. This all-time high surpasses the previous record of AED124.07bn ($33.8bn) set in Q2 2024.

• Jumeirah Village Circle: AED5.33bn ($1.4bn)

• Dubai South: AED8.25bn ($2.2bn)

• Business Bay: AED7.22bn ($2bn)

• Wadi Al Safa 5: AED5.3bn ($1.4bn)

• Dubai Hills Estate: AED7.38bn ($2bn)

What’s Selling?

Properties in the AED1-2m range dominated sales, accounting for 31% of transactions. Apartments represented 77% of sales, while villa sales saw a notable rise of 16.6%.