🌴Dubai Real Estate Market Full Report - Q1 2024 Breakdown:
Q1 2024 marked a vibrant period for Dubai’s property sector. Here’s the detailed market report:

📈 Total Market Dynamics

• Transactions: 36,448 (⬆️ 18% vs. Q1 2023)
• Sales Value: AED 108.2B (⬆️ 21.9% vs. Q1 2023)
• Average Price per Sqft: AED 1,499 (significant increase from previous years)

🔝Top 5 Performing Areas by Volume & Value:

• Jumeirah Village Circle (JVC)
• Business Bay
• Al Merkadh
• Dubai Hills Estates
• Dubai Marina

💰 Detailed Price Points

• Off-plan Apartments: AED 1.3M (⬆️ 1.5% vs. Q1 2023)
• Off-plan Villas: AED 2.9M (⬆️ 26.4% vs. Q1 2023)
• Plots: AED 4.4M (⬇️ 25.6% vs. Q1 2023)
• Ready Apartments: AED 1.1M (⬆️ 2.9% vs. Q1 2023)
• Ready Villas: AED 2.8M (⬇️ 6.4% vs. Q1 2023)

🔝 Property Sales by Price-Range

• Below 1M: 31%
• 1-2M: 31%
• 2-3M: 17%
• 3-5M: 12%
• More than 5M: 9%

🏗️ Off-plan vs. Ready Property Sales

• Sales Volume: 61% Off-plan | 39% Ready
• Sales Value: 64% Off-plan | 36% Ready

🏠 Top Projects with Most Expensive Sold Apartments

1. BULGARI Lighthouse, Island 2: AED 140M
2. Casa Canal, Dubai Water Canal: AED 140M
3. Como Residences, Palm Jumeirah: AED 96M
4. ORLA by Omniyat, Palm Jumeirah: AED 79M
5. Orla Infinity by Omniyat, Palm Jumeirah: AED 79M

🏡 Top Areas with Most Expensive Sold Villas

1. MBR District 1: AED 146M
2. The World: AED 79M
3. Palm Jumeirah: AED 62M
4. Wadi Al Safa 3: AED 40M
5. Jumeirah Golf: AED 39M

📊 Sales Value Over the Years

Showcasing a continuous upward trend since 2014, with 2024 seeing the highest sales value.

Whether you’re a first-time investor or looking to expand your portfolio, the data clearly indicates that now is a prime time to invest in Dubai’s thriving real estate market.