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- 1 Dubai Residential Market Sees 55% Surge in Transactions, Sobha Realty Tops
Dubai Residential Market Sees 55% Surge in Transactions, Sobha Realty Tops
Dubai’s real estate market has recorded a 55% annual surge in residential transactions from October to December 2024, along with a 44% increase in registered home sales value. According to data from Square Yards, the city registered 33,110 residential transactions, a significant rise from 21,405 transactions in Q4 2023. The gross transaction value (GTV) for Q4 2024 stood at AED 65.23 billion, highlighting growing investor confidence in Dubai’s property market.
Key Market Trends
- 55% annual growth in residential transactions (33,110 in Q4 2024 vs. 21,405 in Q4 2023)
- 44% rise in registered home sales value (AED 65.23 billion in Q4 2024)
- 0.5% quarterly dip in transactions, indicating a stable market outlook
- 7% decline in average home sales value (AED 1.97 million in Q4 2024)
Top Developers by Registered Home Sales Value (AED Million)
| Rank | Developers | Registered Home Sales Value (AED Million) | Top Projects |
|---|---|---|---|
| 1 | Sobha Realty | 4,297 | Sobha Orbis, Sobha 360 Riverside Crescent |
| 2 | Emaar Properties | 1,965 | Emaar Marina Cove, Emaar Pier Point |
| 3 | Damac Properties | 1,464 | Damac Lagoon Views, Damac ELO |
| 4 | Azizi Developments | 1,370 | Azizi Venice, Azizi Riviera Beachfront |
| 5 | Binghatti Developers | 1,188 | Binghatti Hills, Binghatti Mercedes Benz Places |
| 6 | Wasl Properties | 928 | Wasl Park Views Residences |
| 7 | Ellington Properties | 776 | Ellington Mercer House |
| 8 | Tiger Group | 485 | Tiger Red Square |
| 9 | Samana Developers | 442 | Samana Lake Views |
| 10 | Omniyat | 397 | Omniyat Anwa Aria |
Top Developers by Number of Registered Residential Transactions
| Rank | Developers | Registered Transactions (Units) | Top Projects |
| 1 | Sobha Realty | 1,960 | Sobha Orbis, Sobha 360 Riverside Crescent |
| 2 | Azizi Developments | 1,158 | Azizi Venice, Azizi Riviera Beachfront |
| 3 | Damac Properties | 1,050 | Damac ELO, Damac Lagoon Views |
| 4 | Binghatti Developers | 700 | Binghatti Hills |
| 5 | Emaar Properties | 643 | Emaar Marina Cove |
| 6 | Tiger Group | 529 | Tiger Red Square |
| 7 | Samana Developers | 457 | Samana Lake Views |
| 8 | Wasl Properties | 370 | Wasl Park Views Residences |
| 9 | Ellington Properties | 309 | Ellington Mercer House |
| 10 | Imtiaz Developments | 295 | Imtiaz Cove Edition |
Area-wise and Budget-wise Trends
- 75% of transactions involved units under 1,000 sq. ft., up from 61% in Q4 2023.
- Properties under AED 2 million represented 74% of total transactions, reflecting an increased demand for affordable housing.
- Premium properties priced above AED 5 million saw a slight decline in Q4 2024.
Top Micro-Markets for Residential Transactions
| Micro-Market | Market Share (%) |
| Dubailand | 28% |
| Jumeirah | 22% |
| Mohammed Bin Rashid City (MBR City) | 9% |
| Business Bay | 8% |
| Jumeirah Village Circle (JVC) | 7% |
Top Micro-Markets by Home Sales Value
| Micro-Market | Share of Total Sales Value (%) |
| Dubailand | 24% |
| Palm Jumeirah | 14% |
| Jumeirah | 13% |
Dubai’s real estate sector remains a global hotspot for investment. With a strong performance from top developers like Sobha Realty, Azizi Developments, and Emaar Properties, the city is set for continued growth in 2025. Investors looking for off-plan and ready-to-move-in properties in Dubai can explore the best opportunities at Evantis Realty.
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📞 Phone: +971 54 480 9359
📧 Email: info@evantisrealty.com
🌍 Website: Evantis Realty Dubai
Evantis Realty is a leading real estate brokerage in Dubai, specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Dubai real estate market with confidence.
