Dubai property market is increasingly catering to end-users with more buyers choosing to live in their purchased units. In the third quarter, the market recorded a total of 50,439 transactions worth Dh142 billion marking a 15% increase in volume and 14.5% in value compared to the previous quarter.

Off-plan properties made up 63% of transactions showing a substantial year-on-year volume growth of 58.7%, totalling 31,800 deals, this is the highest quarterly volume ever recorded. The value of off-plan sales surged 42.3% to Dh67.45 billion.

Existing property transactions rose by 13.3% year-on-year totalling 18,639 which represented 37% of all transactions. Their value increased by 20.8% to Dh74.53 billion.

In Abu Dhabi, residential transactions totalled 1,813, valued at Dh4.92 billion accounting for 63% of the overall market. Off-plan transactions comprised 41% of the total with 746 deals worth Dh2.56 billion. Existing transactions reached Dh2.37 billion, a significant increase from the previous year.

Q3 2024 highlighted a robust surge in Dubai's real estate showcasing a shift towards owner-occupancy and a strong performance in both off-plan and existing properties. The Abu Dhabi market also exhibited healthy growth, supported by new initiatives for transparency.