Dubai’s residential property sector has 243,000 units in the pipeline through 2027, with apartments making up 80% of future inventory, according to Cavendish Maxwell. In 2024, the market saw a record-breaking 169,000 sales, a 42% increase from 2023. Prices climbed 16.5% year-on-year, reaching AED 1,493 per sq. ft. in December—more than 90% higher than April 2009 lows.

Mortgage activity hit an all-time high of 36,600 loans, up almost a third from 2023. The off-plan sector dominated, with sales four times higher than pre-COVID levels. Developers like Emaar, Binghatti, and DAMAC led the market, with 68% of total sales from under-construction projects. Jumeirah Village Circle (JVC) saw the highest apartment sales, with 4,048 title deed transactions and 11,917 off-plan deals. JVC is also set to receive the most future supply, with 25,000 new units by 2027.

Apartment prices rose across most areas, with Barsha Heights up 33%, Dubai Silicon Oasis 24%, and Jumeirah Lakes Towers 21%. The villa market saw even stronger appreciation, with Nad Al Sheba leading at 54%, followed by Jumeirah Village Triangle (33%) and Dubai South (29%). While the market remains strong, experts anticipate a shift towards more sustainable growth in 2025.