Dubai's real estate market saw strong growth in November 2024 with overall transactions up 19% compared to last year. The off-plan market played a key role with transactions rising by 46% year-on-year, totaling around 8,548 deals. In total, Dubai recorded more than 14,479 transactions worth Dh43 billion, a 1.6% increase in value from November 2023.

A third of buyers were interested in one-bedroom apartments while 35% preferred two-bedroom units. For villas and townhouses, 37% looked for three-bedroom units with 50% preferring four or more bedrooms. Popular areas for apartments included Dubai Marina, Downtown Dubai and Palm Jumeirah while villa seekers favored Dubai Hills Estate and Mohammed Bin Rashid City.

Off-plan transactions saw a 30% year-on-year increase reaching Dh18.2 billion while the ready market saw a decline of 6% in volume and 12% in value. On the rental side, 65% of apartment tenants preferred furnished properties while villa tenants were split between furnished and unfurnished options.

Popular rental areas for apartments were Jumeirah Village Circle and Dubai Marina while Jumeirah and Dubai Hills Estate were top villa rental locations. The growing role of female and Gen Z investors signals a bright future for the real estate sector in 2025.