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Analyzing August '24-Dubai Real Estate Market Sales

Writer's picture: Narcis MarianNarcis Marian

Welcome to our monthly real estate market report, where we delve into the latest trends, insights, and performance metrics shaping Dubai's dynamic property sales landscape.


August has brought yet another month of exceptional growth in the property sector, with no signs of slowing down for the summer.

graph of real estate sales transactions in Dubai for August 2024

Similar to July, the sales transaction volume in August reached to 16,436, reflecting a 1.26% increase from the previous month and a 36.9% rise compared to the same time last year.


47.83 billion AED (or 13.03 billion USD) in total sales value. Making an impressive 40.82% increase from August last year, the market maintains its demand pace during the summer.



66% of total sales transactions volume was for off-plan properties, making a 41.2% increase compared to the same time last year.



Transactions with ready properties had an overall proportion of 34% of total real estate market sales volume for the month. This presented a 1.4% increase compared to same month last year.


Buying off-plan vs ready properties have always different value propositions for each property investor type.

  • Ready properties offer immediate returns through rental income and provide transparency for buyers, especially in prime locations with high rental yields.

  • Off-plan properties attract investors due to lower prices upon project launch, flexible payment plans depending on the downpayment, potential capital gains, continuous population growth which is expected to absorb the future supply, a business-friendly environment, and strong buyer protection laws.


The percentage share of overall transactions volume by asset class* for August is a follows:

Apartment building

Apartments 70 %



villas and townhouse

Villas and Townhouses 12 %



Dubai buildings on a main road

Commercial properties 2 %



land with palm trees

Land plots 8 %



Foreign investors continue to be attracted to be part of Dubai's thriving ecosystem by the benefits that the market offers:


  • Freehold property ownership and Zero property tax

  • Zero personal income tax or capital gains tax, or withholding tax

  • 100% foreign business ownership

  • 100% repatriation of capital investment and total profit earned

  • 10-year investor Visa

  • Investor-friendly policies providing foreign investment protection

  • One of the world’s top tourist centers

We are committed to providing full support to developers by equipping them with the necessary knowledge and guidance to ensure adherence to best practices, which contributes to creating a balanced and sustainable real estate environment.

Abdullah Al Zarooni, Legal Support Section Manager at DLD Dubai Media Office


Final thoughts

The continuous demand growth within the sector this summer underscores Dubai’s emergence as the ‘city of the future,’ serving as a crucial gateway to the world’s fastest-growing markets and a top destination for investment and development.


Stay tuned for more real estate investment insights and updates as we continue to monitor this landscape in the emirate.



Source: Dubai Land Department, DXB Interact

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