Dubai’s real estate market experienced a significant surge in April 2024, with a 45.11% increase in registered sales transactions compared to the previous year. The first quarter of 2024 saw a total of 11,607 transactions worth 32 billion dirhams, representing a 21.13% increase from the same period in 2023.
According to Property Finder’s data, potential buyers in April were most interested in residential apartments (58%) and villas or independent homes (42%). In contrast, renters were more focused on apartment properties (79%) than previous months.
Interestingly, three-bedroom villas remained popular among both buyers and renters. Additionally, ready-furnished apartments were preferred by tenants, while those looking for villas favored unfurnished options.
Certain areas in Dubai attracted particular attention from buyers, renters, and investors. For those interested in owning villas, Dubai South, Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Al Furjan were top choices. On the other hand, areas like Dubai Marina, Downtown Dubai