Report
Dubai Residential Sales Test Report 2024
2024
Total Transaction Value
45200
Primary market test transactions
AED 185.5 Bn
38500
Secondary ready test units
AED 142.3 Bn
22100
Secondary off-plan test deals
AED 98.7 Bn
Year-on-Year Market Evolution: Narrative vs Reality
Dubai Population Growth (2017 – 2026)
Residential Transaction Value (Total Transactions Shown Below)
Dubai Population vs Residential Transactions (2017-2026)
| YEAR | POPULATION | POPULATION Y/Y | NET POPULATION ADDITION | RESIDENTIAL TRANSACTION VALUE (AED BN) | TRANSACTION VALUE Y-O-Y | OFF-PLAN TRANSACTIONS | READY TRANSACTIONS | TOTAL TRANSACTIONS |
|---|---|---|---|---|---|---|---|---|
| 2017 | 3,200,000 | - | 0 | 120 | - | 20,000 | 15,000 | 35,000 |
| 2018 | 3,350,000 | 4.7% | 150,000 | 142.5 | 18.8% | 23,000 | 17,000 | 40,000 |
| 2019 | 3,500,000 | 4.5% | 150,000 | 165 | 15.8% | 26,000 | 19,000 | 45,000 |
| 2020 | 3,650,000 | 4.3% | 150,000 | 187.5 | 13.6% | 29,000 | 21,000 | 50,000 |
| 2021 | 3,800,000 | 4.1% | 150,000 | 210 | 12% | 32,000 | 23,000 | 55,000 |
| 2022 | 3,950,000 | 3.9% | 150,000 | 232.5 | 10.7% | 35,000 | 25,000 | 60,000 |
| 2023 | 4,100,000 | 3.8% | 150,000 | 255 | 9.7% | 38,000 | 27,000 | 65,000 |
| 2024 | 4,250,000 | 3.7% | 150,000 | 277.5 | 8.8% | 41,000 | 29,000 | 70,000 |
| 2025 | 4,400,000 | 3.5% | 150,000 | 300 | 8.1% | 44,000 | 31,000 | 75,000 |
| 2026 | 4,550,000 | 3.4% | 150,000 | 322.5 | 7.5% | 47,000 | 33,000 | 80,000 |
Test population driver 1
Key Insight:
Test key insight 1: population up, transactions up.
Test population driver 2
Key Insight:
Test key insight 2: population up, transactions up.
Top 5 developers share of Dubai residential transaction value (2024)
| DEVELOPER | PRIMARY (AED BN) | SECONDARY - OFF PLAN | SECONDARY - READY (AED BN) | TOTAL TRANSACTION VALUE | % SHARE WITHIN TOP 5 DEVELOPERS |
|---|---|---|---|---|---|
 NAKHEEL | 42.5 | 18.4 | 22.1 | 83 | 100% |
Capital is concentrated:
Test narrative content for automated QA. Lorem ipsum test data.
Emaar anchors the market:
Test narrative content for automated QA. Lorem ipsum test data.
Pricing power is uneven:
Test narrative content for automated QA. Lorem ipsum test data.
2025 is conviction-led:
Test narrative content for automated QA. Lorem ipsum test data.
2024 Transaction Value:
Apartment vs Villa
Price based segmentation: Apartments
Dubai apartment market 2024 – Segmentation by price
| Segment | Price Range (AED MN) | 2024 Value (AED BN) | Share of 2024 Value (%) | Market Role |
|---|---|---|---|---|
| Affordable | <1M | 85.2 | 26.6% | Test entry demand |
| Mid-Market | 1M – 2M | 74.6 | 23.3% | Test mid-market demand |
| Upper Mid-Market | 2M – 5M | 62.3 | 19.4% | Test premium demand |
| Luxury | 5M – 12M | 55.8 | 17.4% | Test luxury demand |
| Ultra-Luxury | >12M | 42.6 | 13.3% | Test ultra-luxury demand |
Dubai Apartment Market 2024 – Transaction Value by Price Segment
The apartment market is anchored in the AED 1M–5M band:
Test narrative content for automated QA. Lorem ipsum test data.
Affordable housing plays a supporting role, not a driver:
Test narrative content for automated QA. Lorem ipsum test data.
Luxury and ultra-luxury remain selective, not speculative:
Test narrative content for automated QA. Lorem ipsum test data.
Price based segmentation:
Villas
Dubai villa market 2024 – Segmentation by price
| Segment | Price Range (AED MN) | 2024 Value (AED BN) | Share of 2024 Value (%) | Market Role |
|---|---|---|---|---|
| Affordable & Mid-Market | <1M – 2M | 38.4 | 36.2% | Test villa entry |
| Upper Mid-Market | 2M – 5M | 28.9 | 27.3% | Test villa mid |
| Luxury | 5M – 12M | 21.5 | 20.3% | Test villa premium |
| Ultra-Luxury | >12M | 17.2 | 16.2% | Test villa luxury |
Dubai Villa Market 2024 – Transaction Value by Price Segment
Villa takeaway test title 1
Test narrative content for automated QA. Lorem ipsum test data.
Key takeaway:
Test QA filler body text for automated validation.
2023 vs 2024
Year-on-Year Comparison (vs 2023)
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Total transactions | 12 | 15 | +25% |
| Total sales value (AED Bn) | 29 | 98 | +237.9% |
| Average price per sqft | 68 | 63 | -7.4% |
| No. of Off-plan transactions | 76 | 78 | +2.6% |
| No. of ready transactions | 67 | 34 | -49.3% |
YoY narrative test title 1
Test narrative content for automated QA. Lorem ipsum test data.
Month on Month trend
Dubai Residential Market: Transactions & Value (Jan–Dec 2024)
Monthly narrative test title 1
Test narrative content for automated QA. Lorem ipsum test data.
Key Inferences & Conclusions
Key takeaway test title 1
Sources: Public government data (Dubai Pulse) & Licensed market data (REIDIN)
Powered by
