In April 2024, the Dubai real estate market experienced a significant increase in registered sales transactions by 45.11%, totaling 11,607 transactions. The total value of transactions in the first quarter of 2024 also rose by 21.13% compared to the same period in 2023, reaching 32 billion dirhams.
According to data from Property Finder, potential buyers were most interested in residential apartments (58%) and villas or independent homes (42%). Renters showed a preference for apartments over villas, with 79% looking for apartments and 21% looking for villas or townhouses.
In terms of demand, three-bedroom villas remained highly sought after, while there was also interest in larger units with four or more bedrooms. The majority of tenants searched for ready-furnished apartments, while those looking to rent villas preferred unfurnished options.
Popular areas for apartment buyers included Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah. For those looking to rent villas, areas like Dubai Hills Estate, Damac Hills 2
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