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DUBAI REAL ESTATE: OFF-PLAN Vs READY PROPERTY SALES FIGURES REVEALED, 36,000 SALES TRANSACTIONS IN Q1
Dubai’s real estate market remains robust, with over 36,000 sales transactions recorded in Q1 2024, marking it as the second-highest period on record. Both existing and off-plan properties have attracted sustained interest from investors, according to Property Finder’s Market Watch report for Q1 2024. The existing/ready market dominated with nearly 19,600 transactions, experiencing a significant volume growth of 30% compared to Q1 2023. Transaction values for existing properties reached AED78.2bn, contributing to 68% of the total sales transaction value, a notable increase from the previous year. In contrast, off-plan transactions recorded a slight year-on-year increase of 4% in volume, representing 46% of the total transaction volume.
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The off-plan sales transaction value in Q1 2024 reached AED37.4bn, contributing 32% of the total sales transaction value, a 5% increase compared to Q1 2023. The current market in Dubai presents abundant opportunities for developers and brokers to leverage their expertise and redefine success in 2024. Data from the Dubai Land Department (DLD) showed a significant surge in total sales transactions, with over 36,000 transactions recorded, reflecting a substantial increase of 17% from Q1 2023. The surge in sales transactions indicates continued investor confidence and interest in Dubai’s real estate market, signaling positive growth prospects for the sector.
The off-plan sales transaction value in Q1 2024 reached AED37.4bn, contributing 32% of the total sales transaction value, a 5% increase compared to Q1 2023. The current market in Dubai presents abundant opportunities for developers and brokers to leverage their expertise and redefine success in 2024. Data from the Dubai Land Department (DLD) showed a significant surge in total sales transactions, with over 36,000 transactions recorded, reflecting a substantial increase of 17% from Q1 2023. The surge in sales transactions indicates continued investor confidence and interest in Dubai’s real estate market, signaling positive growth prospects for the sector.
![](https://haus51.com/wp-content/uploads/2024/04/q1-offplan-ready-2.webp)