Dubai property market report: Q4 2024
46,345 residential sales worth AED 106.1bn, with ready apartments selling at a median AED 1,285 per sqft. Real recorded transactions from the Dubai Land Department, not asking prices.
Data to 25 September 2026 · residential sales · calendar quarterQ4 2024 at a glance
- Dubai recorded 46,345 residential sales in Q4 2024, worth AED 106.1bn. Sales volume was up 54.5% on Q4 2023, and up 0.8% on Q3 2024.
- Off-plan sales made up 66.0% of transactions (+9.6 percentage points versus Q4 2023).
- Ready apartments sold at a median AED 1,285 per sqft, up 8.3% on Q4 2023. Off-plan apartments sold at AED 1,746 per sqft, down 2.9% on Q4 2023.
- Ready villas and townhouses sold at a median AED 1,288 per sqft, up 22.8% on Q4 2023, with a median price of AED 3.08M.
- By sales value, Business Bay led with AED 6.9bn, followed by Jumeirah Village Circle and Downtown Dubai.
- Sobha Orbis was the most active project with 1,106 sales.
- Lenders registered 9,769 mortgages worth AED 40.1bn (all property types), up 29.8% on Q4 2023.
- Among areas with at least 20 ready-apartment sales in both periods, Dubai Science Park had the biggest rise in price per sqft year on year (+86.4%), while International Media Production Zone fell the most (-5.9%).
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 Q4 2024 residential sales.
Apartments by bedrooms
All apartment sales, ready and off-plan.
| Bedrooms | Sales | Median price | AED / sqft |
|---|---|---|---|
| 1 bed | 17,452 | AED 1.15M | 1,525 |
| 2 bed | 9,704 | AED 2.2M | 1,777 |
| 3 bed | 2,435 | AED 3.7M | 2,031 |
| 4 bed | 257 | AED 10.5M | 2,899 |
| Studio | 8,166 | AED 650,000 | 1,621 |
Top areas by sales value
Prices for every area →| Area | Sales | Total value | Median price | Off-plan |
|---|---|---|---|---|
| Business Bay | 2,899 | AED 6.9bn | AED 1.6M | 70% |
| Jumeirah Village Circle | 4,504 | AED 4.8bn | AED 933,331 | 69% |
| Downtown Dubai | 1,001 | AED 4.0bn | AED 2.69M | 38% |
| Dubai Hills Estate | 1,652 | AED 4.0bn | AED 2.1M | 86% |
| Wadi Al Safa 5 | 1,385 | AED 4.0bn | AED 2.8M | 79% |
| Ghadeer Al Tair | 242 | AED 4.0bn | AED 13.17M | 0% |
| Dubai World Central | 2,107 | AED 3.9bn | AED 1.1M | 94% |
| Dubai Marina | 1,360 | AED 3.9bn | AED 2.19M | 36% |
| Dubai Harbour | 479 | AED 3.5bn | AED 6.37M | 86% |
| The Valley | 843 | AED 3.2bn | AED 3.58M | 95% |
Most active projects
| Project / building | Sales | Median AED / sqft | Off-plan |
|---|---|---|---|
| Sobha Orbis | 1,106 | 1,890 | 100% |
| Damac Hills (2) - Elo 2 & Elo 3 | 586 | 1,239 | 100% |
| Vida Residences Club Point | 562 | 2,270 | 100% |
| Verdes By Haven 1 | 556 | 1,400 | 100% |
| Binghatti Skyrise | 532 | 2,291 | 100% |
| Greenridge | 495 | 1,310 | 100% |
| Binghatti Hills | 465 | 1,437 | 100% |
| Damac Riverside - Lush | 432 | 1,540 | 100% |
| Cilia | 413 | 1,780 | 100% |
| Skyscape | 340 | 2,410 | 100% |
Biggest price movers, year on year
Median price per sqft of ready properties in Q4 2024 versus Q4 2023, for areas with at least 20 sales in both periods.
Apartments: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Dubai Science Park | 67 | 1,699 | ▲ +86.4% |
| Dubai Studio City | 80 | 1,392 | ▲ +75.5% |
| Arjan | 271 | 1,168 | ▲ +37.5% |
| Dubai World Central | 50 | 1,056 | ▲ +35.7% |
| Liwan1 | 143 | 724 | ▲ +29.6% |
| Dubai Health Care City Phase 2 | 72 | 1,542 | ▲ +26.5% |
Apartments: biggest falls
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| International Media Production Zone | 266 | 922 | ▼ -5.9% |
| Motor City | 282 | 703 | ▼ -1.6% |
| Down Town Jabal Ali | 36 | 1,155 | ▼ -0.9% |
Villas and townhouses: biggest rises
| Area | Sales | AED / sqft | Year on year |
|---|---|---|---|
| Jumeirah Village Triangle | 35 | 829 | ▲ +64.5% |
| Dubai World Central | 69 | 1,411 | ▲ +38.2% |
| Jumeirah Village Circle | 96 | 1,542 | ▲ +33.4% |
| Arabian Ranches - 1 | 87 | 1,291 | ▲ +30.5% |
| Arabian Ranches II | 38 | 1,235 | ▲ +28.4% |
| Al Furjan | 80 | 1,533 | ▲ +25.1% |
What does this mean for your property?
We value properties against recorded sales in the same building. Tell us what you own or what you are looking for.
Frequently asked questions
How many residential properties were sold in Dubai in Q4 2024?
Dubai Land Department recorded 46,345 residential sales worth AED 106.1bn in Q4 2024.
What was the average price per sqft for Dubai apartments in Q4 2024?
The median price of ready (existing) apartments was AED 1,285 per sqft, and off-plan apartments sold at a median AED 1,746 per sqft.
Which Dubai areas had the highest sales value in Q4 2024?
By total sales value the top areas were Business Bay, Jumeirah Village Circle and Downtown Dubai.
How much of the Dubai market was off-plan in Q4 2024?
Off-plan properties accounted for 66.0% 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.
