Dubai property market report: Q3 2024
45,959 residential sales worth AED 105.5bn, with ready apartments selling at a median AED 1,191 per sqft. Real recorded transactions from the Dubai Land Department, not asking prices.
Data to 25 September 2026 · residential sales · calendar quarterQ3 2024 at a glance
- Dubai recorded 45,959 residential sales in Q3 2024, worth AED 105.5bn. Sales volume was up 41.8% on Q3 2023, and up 17.3% on Q2 2024.
- Off-plan sales made up 66.8% of transactions (+8.2 percentage points versus Q3 2023).
- Ready apartments sold at a median AED 1,191 per sqft, up 7.8% on Q3 2023. Off-plan apartments sold at AED 1,793 per sqft, down 3.1% on Q3 2023.
- Ready villas and townhouses sold at a median AED 1,227 per sqft, up 22.2% on Q3 2023, with a median price of AED 3.24M.
- By sales value, Business Bay led with AED 5.9bn, followed by Dubai Hills Estate and Dubai Creek Harbour.
- Palace Residences Dubai Hills Estate was the most active project with 953 sales.
- Lenders registered 10,293 mortgages worth AED 34.6bn (all property types), up 46.5% on Q3 2023.
- Among areas with at least 20 ready-apartment sales in both periods, Dubai Studio City had the biggest rise in price per sqft year on year (+88.1%), while Um Suqaim Third fell the most (-13.1%).
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 Q3 2024 residential sales.
Apartments by bedrooms
All apartment sales, ready and off-plan.
| Bedrooms | Sales | Median price | AED / sqft |
|---|---|---|---|
| 1 bed | 16,800 | AED 1.19M | 1,524 |
| 2 bed | 10,443 | AED 2.28M | 1,844 |
| 3 bed | 2,530 | AED 3.71M | 2,035 |
| 4 bed | 287 | AED 5.94M | 2,165 |
| Studio | 7,548 | AED 653,303 | 1,560 |
Top areas by sales value
Prices for every area →| Area | Sales | Total value | Median price | Off-plan |
|---|---|---|---|---|
| Business Bay | 2,276 | AED 5.9bn | AED 1.6M | 66% |
| Dubai Hills Estate | 2,126 | AED 5.2bn | AED 2.21M | 91% |
| Dubai Creek Harbour | 1,732 | AED 4.8bn | AED 2.4M | 85% |
| The Valley | 1,387 | AED 4.8bn | AED 3.22M | 93% |
| Jumeirah Village Circle | 4,312 | AED 4.5bn | AED 912,340 | 71% |
| Dubai World Central | 1,834 | AED 4.3bn | AED 2.05M | 93% |
| Downtown Dubai | 1,059 | AED 4.3bn | AED 2.87M | 46% |
| Bukadra | 2,021 | AED 4.2bn | AED 1.86M | 100% |
| Dubai Marina | 1,299 | AED 3.5bn | AED 2.27M | 42% |
| Wadi Al Safa 5 | 780 | AED 3.1bn | AED 3.25M | 53% |
Most active projects
| Project / building | Sales | Median AED / sqft | Off-plan |
|---|---|---|---|
| Palace Residences Dubai Hills Estate | 953 | 2,415 | 100% |
| The Valley - Venera | 553 | 1,159 | 100% |
| Marina Views | 508 | 2,460 | 100% |
| Bayz 101 By Danube | 480 | 3,182 | 100% |
| Samana Ivy Gardens 2 | 461 | 1,400 | 100% |
| Damac Hills (2) - Elo | 455 | 1,185 | 100% |
| Golf Point | 455 | 1,345 | 100% |
| 360 Riverside Crescent | 443 | 2,500 | 100% |
| Cove Living Residence By Imtiaz | 440 | 1,327 | 100% |
| Palace Residences Creek Blue | 418 | 2,764 | 100% |
Biggest price movers, year on year
Median price per sqft of ready properties in Q3 2024 versus Q3 2023, for areas with at least 20 sales in both periods.
Apartments: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Dubai Studio City | 82 | 1,439 | ▲ +88.1% |
| Liwan1 | 158 | 882 | ▲ +66.1% |
| Dubai Science Park | 73 | 1,334 | ▲ +53.3% |
| Arjan | 307 | 1,125 | ▲ +32.3% |
| Jumeirah Village Triangle | 89 | 1,038 | ▲ +31.5% |
| Silicon Oasis | 348 | 825 | ▲ +31.0% |
Apartments: biggest falls
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Um Suqaim Third | 21 | 2,543 | ▼ -13.1% |
| International Media Production Zone | 279 | 842 | ▼ -6.7% |
| Dubai World Central | 66 | 992 | ▼ -4.5% |
| Remraam | 275 | 663 | ▼ -0.9% |
Villas and townhouses: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Jumeirah Village Triangle | 35 | 687 | ▲ +46.6% |
| Dubai World Central | 54 | 1,259 | ▲ +37.9% |
| Wadi Al Safa 5 | 141 | 1,311 | ▲ +26.9% |
| Arabian Ranches - 1 | 108 | 1,153 | ▲ +23.5% |
| Emirates Living | 133 | 1,352 | ▲ +23.3% |
| Arabian Ranches II | 37 | 1,171 | ▲ +22.8% |
Villas and townhouses: biggest falls
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Mohammed Bin Rashid Al Maktoum District 11 | 51 | 1,496 | ▼ -2.8% |
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Frequently asked questions
How many residential properties were sold in Dubai in Q3 2024?
Dubai Land Department recorded 45,959 residential sales worth AED 105.5bn in Q3 2024.
What was the average price per sqft for Dubai apartments in Q3 2024?
The median price of ready (existing) apartments was AED 1,191 per sqft, and off-plan apartments sold at a median AED 1,793 per sqft.
Which Dubai areas had the highest sales value in Q3 2024?
By total sales value the top areas were Business Bay, Dubai Hills Estate and Dubai Creek Harbour.
How much of the Dubai market was off-plan in Q3 2024?
Off-plan properties accounted for 66.8% 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.
