Comparing July 2023 to now, Property Finder data shows that the request continued its upward trend, with a 59% increase in deals and a 57% increase in value.
As sale values approached the maximum peak seen before this time in May, July proved to be a critical month for the sector. 51% percent of the deals took place in ten sections, which included Al Thayah Fifth, Business Bay, Jebel Ali First, Marsa Dubai, Wadi Al Safa, and Al Barsha South Fourth.
Value-wise, the ready request saw deals of Dh36 billion, surpassing the loftiest peak noted in June 2024 by 23%.
There were nearly 9,300 deals in the off-plan sector, representing a YoY increase in volume of about 77%.
Ownership Perspectives
Of those who expressed interest in buying a property, 59 were seeking for an apartment, and 41 were looking for estates or townhouses. Thirty- six percent of investors indicated a preference for workrooms, thirty- six percent for two-bedroom apartments, and thirty- six percent for one-bedroom units.
of those looking for estates or townhouses were looking for apartments with three bedrooms, and 44.9 were looking for druthers with four bedrooms or further.
Business Bay, Palm Jumeirah, Downtown Dubai, Jumeirah Village Circle, and Dubai Marina were among the most popular places to buy real estate. The most sought-after neighborhoods for manor house/ townhouse power were Al Furjan, Dubai Hills Estate, Palm Jumeirah, and Akoya by Damac.
Trends in Renting
Eighty percent of tenants wanted apartments, while twenty percent were allowing estates or townhouses.
About 60 of renters who were seeking apartments favored furnished apartments, while 38 chose unfurnished bones.
There was variation in the preferences of tenants looking for estate townhouses; roughly 57 looked for unfurnished apartments and 42 went for equipped bones.
37 of tenants said they preferred one-bedroom apartments, 20.9 percent preferred workrooms, and 31.7 percent preferred two-bedroom apartments while looking for an apartment.
Renters eager to choose townhouses or estates appeared to be distributed fairly, with 35.4 seeking larger or four-bedroom units and 43.1 looking for units with three bedrooms.
With the UAE moving toward its vision’ We the Emirates 2031,’ we’re at a turning point in the nation’s development trip throughout social, profitable, and investment fields, and in turn- the property request,” stated Cherif Sleiman, elderly profit director at Property Finder. Realizing this, further individualities are looking for long-term reimbursement places in Dubai, as seen by the rising trend in sale volume and value. Sharjah nonsupervisory reports also show encouraging interest from investors.
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