Dubai Real Estate Market Report | Q1 2024

The comprehensive volume of residential sales has demonstrat-ed a remarkable 30% year-on-year surge, surpassing the figures recorded in 2022. In 2023, there were 119,367 residential trans-actions overall, of which 59% were off-plan transactions and 41% were secondary transactions.

The overall volume of villa transactions decreased by 6% annually and 14% quarterly. Off-plan transaction volume decreased quarterly by 5% and annually by 15%. The volume of secondary villa transaction rose up by 13% annually and decreased by 26% quarterly.