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Property Watch · Dubai
Dubai Property Watch Q1 2024
Dubai opened 2024 with momentum: more than 35,300 residential transactions worth approximately AED 88.8 billion, up 20.5% and 24.1% year-on-year. Apartment and villa values rose 20% and 19% while rents climbed 21% and 20%, and around 6,500 units were completed, three quarters of them apartments. Land Sterling’s Q1 2024 Property Watch sets out the supply, demand and pricing picture across Dubai’s residential and office markets, alongside the quarter’s top-performing areas.
At a glance
What’s inside
- Q1 2024 snapshots: macro, residential and office indicators
- Supply: deliveries, pipeline and handover hotspots
- Demand: transaction volumes, values and buyer mix
- Top 5 performing areas
- Capital values and largest transactions
- Residential sales prices
- Rental trends and residential rent prices
Key numbers
35,300+Sales transactions
AED 88.8bnTransaction value
+20% / +19%Apartment / villa prices
6,500Units completed
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