Dubai's prime property market saw 24 transactions over AED 30 million ($8.2 million) in November 2024, reflecting strong demand for luxury real estate. However, annual capital gains for villas rose by 31.9% and apartments by 23.9% with areas like Palm Jumeirah and The Greens reaching decade-high prices. Despite this, monthly growth showed signs of slowing with a slight dip in transactions.

Top developers in November included Emaar (14.7%), Damac (7.6%) and Sobha (6.5%). Leading off-plan locations were Jumeirah Village Circle and Jumeirah Village Triangle while ready homes were mostly sold in Jumeirah Village Circle and Dubai Marina.

Villas saw monthly capital gains of 2.1% with Palm Jumeirah and Jumeirah Islands leading annual growth. Apartments gained 1.6% monthly with The Greens and Palm Jumeirah seeing the highest annual increases. Off-plan sales dropped by 41.9% from October but were up 76.5% year-on-year while ready home transactions fell by 8.9% month-over-month but increased 3.2% annually.