In April 2024, the Dubai real estate market experienced a significant surge, resulting in a 45.11% increase in registered sales transactions compared to the previous year. This growth led to a total of 11,607 transactions worth 32 billion dirhams in the first quarter of 2024, marking an impressive 21.13% increase from the same period in 2023.
According to data from Property Finder, residential apartments were the most popular property type among potential buyers in April, with 58% of buyers interested in this option. Villas or independent homes drew the attention of just 42%. However, renters had different preferences: they searched for apartments more often than villas or independent homes (79% vs. 21%), indicating a strong demand for apartment properties.
Within property types, there were specific preferences among buyers and renters. For example, three-bedroom villas remained highly sought after, while tenants preferred ready-furnished apartments over unfurnished options.
Certain areas in Dubai attracted more attention from buyers and investors than others. For villa owners and renters, popular choices included Dubai South, Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Al Furjan. On the other hand, apartment seekers found attractive options in areas such as Dubai Marina
