In the first nine months of 2024, Dubai's real estate market saw over 125,000 residential transactions reflecting a 36% increase from the previous year. Developers are responding to high demand from new residents as over 140,000 have moved to Dubai in 2024 by launching a steady stream of new projects.

Despite the rising prices which have pushed sales values to Dh86 billion for off-plan properties and Dh33 billion for ready homes, developers remain optimistic. Recent infrastructure improvements such as the new Blue Metro Line and the relocation of Dubai International Airport are expected to further boost property ownership interest.

In the past week alone, several developers launched new projects with around 250,000 homes currently under construction. The third quarter of 2024 set a record with over 47,300 properties sold primarily in off-plan sales which made up 66% of transactions.

Developers are offering competitive payment plans to attract buyers such as flexible payment structures during and after construction. Many new developments focus on sustainability and innovative amenities such as home automation, co-working spaces and family friendly facilities.

To enhance efficiency some developers are investing in local manufacturing for interiors, reducing costs and improving service delivery in Dubai's rapidly growing real estate landscape.