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.