In April 2024, the Dubai real estate market experienced a significant boom, leading to a 45.11% increase in registered sales transactions compared to the previous year. This surge resulted in a total of 11,607 transactions worth 32 billion dirhams in the first quarter of 2024, marking a 21.13% increase from the same period in 2023.
According to data from Property Finder, potential buyers focused on residential apartments (58%) and villas or independent homes (42%) in April. In contrast, renters were drawn to apartments (79%), indicating a strong demand for apartment properties compared to previous months.
Furthermore, specific preferences within property types emerged during this time. Interest in three-bedroom villas remained high among both buyers and renters seeking this configuration. Additionally, tenants preferred ready-furnished apartments over unfurnished options.
Certain areas in Dubai attracted more attention from buyers, renters, and investors than others. For those interested in owning villas, popular choices included Dubai South, Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Al Furjan. On the other hand, areas like Dubai Marina, Downtown Dubai