After a temporary dip in October, Dubai’s real estate market recovered rapidly in November, with investment and sales activity reaching significantly greater levels than they had a year earlier.
The increase in new (primary) property sales, particularly higher-value, ready-to-move-in residences, was the key driver of the total property sales, which reached around Dh64.4 billion, up 49% year over year. Additionally, transaction volumes increased, indicating that buyers are still active and prepared to spend more, especially in mid- to upper-end complexes.
Apartments continue to be the most popular. As prices and rents rise, the majority of purchasers and renters are looking for studios and one- and two-bedroom apartments, which reflects a shift toward more reasonably priced, functional residences. Due to their great long-term worth and restricted supply, villas continue to draw buyers with higher incomes.
The core of the market currently consists of people with monthly incomes between Dh20K and Dh40K. The majority are purchasing homes to live in, but an increasing proportion are also investing because they view real estate as a dependable means of accumulating wealth.
Over Dh8 billion in house loans were provided in November, demonstrating the stability of mortgage activity. Mortgages are being used by buyers more frequently to control price increases while capitalizing on high rental demand.
Overall, November’s figures demonstrate a robust, self-assured market that is backed by investors, end users, and easily accessible financing, a reflection of Dubai’s steadily growing and mature real estate industry.
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