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Published on 12/18/2024

Affordable Homes under Dh1 Million Drive Growth in Dubai’s Real Estate Market

Dubai’s Residential and Commercial Sectors See Strong Sales and Rental Growth in November

Affordable properties are becoming increasingly popular in Dubai with homes under Dh1 million making up 32.2% of sales in November, up from 26.7% in October. Studios and one-bedroom apartments are in high demand, driving apartments to account for over 84% of total sales.

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Dubai's residential market showed strong growth in November with a 15.4% year-over-year increase, totaling 12,695 transactions. Despite a slight slowdown from October’s record, prices rose by 0.38% indicating a steady market.

The commercial sector also performed well with total sales reaching Dh9.2 billion, a 3.1% increase year-over-year. Office sales surged by 24.2% with rents for office spaces rising 28.1%. High demand for premium office spaces and rental growth continue to define Dubai's commercial market.