Dubai's real estate market remains strong with continued growth in both residential and commercial sectors. In November 2024, the residential market saw a 15.4% year-over-year increase with 12,695 transactions.

While sales slightly cooled from October’s highs, prices rose by 0.38%. More buyers are seeking affordable properties under AED1M, now making up 32.2% of sales. The most popular areas for residential sales were Jumeirah Village Circle, Jumeirah Village Triangle and Business Bay.

The commercial sector also performed well with AED9.2bn in sales, up 3.1% year-over-year. Office sales surged by 24.2%, with average office rents rising 28.1%. Business Bay, Jumeirah Lakes Tower and Barsha Heights were top areas for office sales while Deira, DIP and Bur Dubai led rental. As Dubai’s economy grows, its real estate sector is poised for continued success into 2025.