Monthly Report
Automation May AED Description Report
February 2024
Market Sentiment
Estimated Transaction Breakdown:
Ready Properties
Under Construction Properties
Under Construction Properties:12.1B
Ready Properties:7.4B
Key Insights:
Developer Market Analysis
Total Sales
Developer Under Construction Segment:7.9B
Developer Sales Ready Segment:4.6B
1,320 Units Nearing Completion in 2027
Nearly 1,320 units have crossed the DLD's 60 percent completion mark and are lined up for delivery.
Construction Status
16,850 Units
Estimated 910 units handed over until May
Top Developers
Sales Transactions (Pre-Title & Title Deed Registered)
Total Sales:88M
Total Sales:910M
Note: Primary transactions are under construction transactions while ready transactions reflect built up/ Ready to move in units.
Expected Stock Handover for 2027:
Construction Status
Business Bay
460 Units
Dubai Marina
335 Units
Secondary Market Analysis
Total Sales:2.7B
Total Sales:1.5B
Rental Market Insights
Top Gross Rental Yields by Community
Villas:
Arabian Ranches:
5.6%
jumerieh:
32%
Tress:
23%
test:
23%
test1:
35%
test2:
4%
test3test3test3test3test3 test3test3test3:
34%
test3:
12%
test3:
12%
test3:
2%
Apartments:
JLT:
6.5%
ramreem:
100%
test2:
77%
test3:
66%
test3test2test2test2test2test2 test2test2test2test2:
45%
test3:
12%
test3:
34%
test3:
44%
test3:
7%
test3:
34%
Final Thoughts
(Note: Figures represented in this report are estimates that could be subject to minor fluctuations.)
Sources: Public government data (Dubai Pulse) & Licensed market data (REIDIN)
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