Dubai property market report: Q2 2024
39,171 residential sales worth AED 90.1bn, with ready apartments selling at a median AED 1,230 per sqft. Real recorded transactions from the Dubai Land Department, not asking prices.
Data to 25 September 2026 · residential sales · calendar quarterQ2 2024 at a glance
- Dubai recorded 39,171 residential sales in Q2 2024, worth AED 90.1bn. Sales volume was up 48.3% on Q2 2023, and up 18.8% on Q1 2024.
- Off-plan sales made up 63.5% of transactions (+10.7 percentage points versus Q2 2023).
- Ready apartments sold at a median AED 1,230 per sqft, up 7.4% on Q2 2023. Off-plan apartments sold at AED 1,778 per sqft, down 1.2% on Q2 2023.
- Ready villas and townhouses sold at a median AED 1,165 per sqft, up 22.8% on Q2 2023, with a median price of AED 2.9M.
- By sales value, Business Bay led with AED 6.1bn, followed by Wadi Al Safa 7 and Jumeirah Village Circle.
- Sobha One was the most active project with 1,715 sales.
- Lenders registered 8,041 mortgages worth AED 32.2bn (all property types), up 32.7% on Q2 2023.
- Among areas with at least 20 ready-apartment sales in both periods, International City Phase 3 had the biggest rise in price per sqft year on year (+43.4%), while Down Town Jabal Ali fell the most (-24.2%).
Prices
Sales per quarter
Residential sales transactions, last 8 quarters.
Sales value per quarter
AED billion, last 8 quarters.
Ready apartment price per sqft
Median AED per sqft, existing properties only.
Off-plan share of sales
Percentage of transactions.
What buyers bought
Sales by price band
Share of Q2 2024 residential sales.
Apartments by bedrooms
All apartment sales, ready and off-plan.
| Bedrooms | Sales | Median price | AED / sqft |
|---|---|---|---|
| 1 bed | 14,075 | AED 1.17M | 1,536 |
| 2 bed | 8,895 | AED 2.24M | 1,920 |
| 3 bed | 2,208 | AED 3.87M | 2,085 |
| 4 bed | 288 | AED 7.28M | 2,300 |
| Studio | 7,166 | AED 605,714 | 1,553 |
Top areas by sales value
Prices for every area →| Area | Sales | Total value | Median price | Off-plan |
|---|---|---|---|---|
| Business Bay | 2,645 | AED 6.1bn | AED 1.65M | 68% |
| Wadi Al Safa 7 | 634 | AED 4.1bn | AED 7M | 19% |
| Jumeirah Village Circle | 4,140 | AED 4.1bn | AED 860,000 | 75% |
| Dubai Hills Estate | 1,756 | AED 3.8bn | AED 2.05M | 87% |
| Zaabeel First | 1,200 | AED 3.8bn | AED 3.01M | 99% |
| Wadi Al Safa 5 | 959 | AED 3.8bn | AED 3.49M | 52% |
| Ras Al Khor Industrial First | 1,715 | AED 3.7bn | AED 1.81M | 100% |
| Downtown Dubai | 805 | AED 3.5bn | AED 2.9M | 28% |
| Dubai Marina | 1,129 | AED 3.1bn | AED 2.19M | 33% |
| Palm Jumeirah | 394 | AED 2.9bn | AED 3.9M | 19% |
Most active projects
| Project / building | Sales | Median AED / sqft | Off-plan |
|---|---|---|---|
| Sobha One | 1,715 | 2,160 | 100% |
| Address Residences Zabeel | 1,188 | 2,601 | 100% |
| Park Lane | 712 | 2,260 | 100% |
| Bayz 101 By Danube | 575 | 3,189 | 100% |
| Skyhills I By Hre | 515 | 1,419 | 100% |
| Binghatti Azure | 506 | 1,402 | 100% |
| Sportz By Danube | 390 | 1,502 | 100% |
| The Valley - Lillia | 386 | 1,391 | 100% |
| Parkside Hills | 362 | 2,143 | 100% |
| Mag 330 | 293 | 1,317 | 100% |
Biggest price movers, year on year
Median price per sqft of ready properties in Q2 2024 versus Q2 2023, for areas with at least 20 sales in both periods.
Apartments: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| International City Phase 3 | 176 | 823 | ▲ +43.4% |
| Liwan1 | 96 | 666 | ▲ +41.8% |
| Barsha Heights | 24 | 1,003 | ▲ +35.2% |
| Dmcc Master Community | 457 | 1,351 | ▲ +33.1% |
| Discovery Gardens | 171 | 792 | ▲ +31.2% |
| Remraam | 101 | 768 | ▲ +29.9% |
Apartments: biggest falls
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Down Town Jabal Ali | 30 | 786 | ▼ -24.2% |
| Dubai World Central | 62 | 908 | ▼ -4.3% |
| International Media Production Zone | 279 | 859 | ▼ -0.5% |
Villas and townhouses: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Dubai Investment Park First | 22 | 1,013 | ▲ +74.1% |
| Jumeirah Village Circle | 84 | 1,383 | ▲ +50.1% |
| Jumeirah Village Triangle | 37 | 627 | ▲ +38.2% |
| Arabian Ranches - 1 | 126 | 1,090 | ▲ +32.2% |
| Al Aryam | 66 | 993 | ▲ +27.0% |
| 800 Villas | 44 | 1,055 | ▲ +26.4% |
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Frequently asked questions
How many residential properties were sold in Dubai in Q2 2024?
Dubai Land Department recorded 39,171 residential sales worth AED 90.1bn in Q2 2024.
What was the average price per sqft for Dubai apartments in Q2 2024?
The median price of ready (existing) apartments was AED 1,230 per sqft, and off-plan apartments sold at a median AED 1,778 per sqft.
Which Dubai areas had the highest sales value in Q2 2024?
By total sales value the top areas were Business Bay, Wadi Al Safa 7 and Jumeirah Village Circle.
How much of the Dubai market was off-plan in Q2 2024?
Off-plan properties accounted for 63.5% of residential sales transactions.
Other reports
All reports →Source: Dubai Land Department open transaction data, residential sales registered up to 25 September 2026 (apartments, hotel apartments, villas, townhouses and residential land), grouped by calendar quarter of the transaction date. Prices per sqft are medians; ready (existing) and off-plan sales are shown separately because they are priced differently, and sales under AED 250 per sqft are ignored. Total value excludes single transactions above AED 300 million. Villa, townhouse and plot prices per sqft use the registered unit or plot area. Area and project names follow Dubai Land Department records. Mortgage figures cover all property types. Recent quarters are preliminary because the Dubai Land Department adds transactions after the fact. This is market information, not a valuation or financial advice.
