UAE Q2 2024, Market Watch Quarterly Residential Real Estate Insights
Abu Dhabi Highlights
• In Q2 2024, Abu Dhabi’s market experienced a slight decrease in
total sales transactions (both residential and commercial). The number of transactions reached for a quarter was around 2,989, compared to 3,030 in Q2 2023, reflecting a decrease of -1.4 %.
• The total value of sales transactions in Q2 2024 reached AED 8 billion, witnessing a slight decrease of -3.6% compared to Q2 2023, when the total value of sales transactions was AED 8.3 billion.
• The residential transactions accounted for 73% of the total volume and approximately 59% of the overall value. The transaction value amounted to AED 4.7 Billion, marking a notable 29% decrease compared to AED 6.6 Billion recorded in Q2 2023, while the number of transactions reached 2,186, reflecting a decrease of 20%.
• In Q2 2024, Abu Dhabi’s market experienced a slight decrease in
total sales transactions (both residential and commercial). The number of transactions reached for a quarter was around 2,989, compared to 3,030 in Q2 2023, reflecting a decrease of -1.4 %.
• The total value of sales transactions in Q2 2024 reached AED 8 billion, witnessing a slight decrease of -3.6% compared to Q2 2023, when the total value of sales transactions was AED 8.3 billion.
• The residential transactions accounted for 73% of the total volume and approximately 59% of the overall value. The transaction value amounted to AED 4.7 Billion, marking a notable 29% decrease compared to AED 6.6 Billion recorded in Q2 2023, while the number of transactions reached 2,186, reflecting a decrease of 20%.
Dubai Highlights
• Dubai's real estate market witnessed 43,522 registered sales transactions in Q2 2024 compared to 30,056 transactions in Q2 2023, recording a significant increase of 44.8% to be the highest performance for a quarter ever recorded, driven by the outstanding performance of off-plan transactions.
• The existing/ready transactions in Q2 2024 contributed to 39.6% of the total sales transactions compared to 51.4% in Q2 2023.
• The off-plan transactions contributed to 60.4% of the total sales transactions compared to 48.6% in Q2 2023.
• The existing/ready transactions in Q2 2024 contributed to 39.6% of the total sales transactions compared to 51.4% in Q2 2023.
• The off-plan transactions contributed to 60.4% of the total sales transactions compared to 48.6% in Q2 2023.
