In 2024, Dubai's residential real estate market saw an absolute record of demand in terms of quantity and money - 172,000 apartments and villas in the off-plan and ready segments were sold in January-December 2024 (+40% over the year) for a total value of AED 451 billion (+47% for the year). Against the backdrop of the high level of buyer activity and the development of the Emirate's economy, there was also a high level of development activity due to the launch of new quality projects and the development of new locations. Nevertheless, due to the special interest of buyers in ready properties, at the end of December 2024, more pronounced growth in the weighted average price and average budget of lots was observed in the ready segment.
