Market Insights
Dubai Property Market: Q2 2024 Report
Admin User
23 June 2026
8 min read
Market Overview
The Dubai real estate market continued its remarkable growth trajectory in Q2 2024. Total transaction volumes reached AED 141.9 billion, representing a 38% increase over the same period in 2023.
Off-Plan Dominates
Off-plan properties accounted for 58% of all transactions, driven by attractive payment plans and competitive launch prices from major developers including Emaar, DAMAC and Sobha.
Top Performing Areas
- Business Bay: 12% price appreciation YoY
- Dubai Marina: 9% price appreciation YoY
- Palm Jumeirah: 15% appreciation in villa segment
Rental Yields
Average rental yields across Dubai stabilised at 6.4%, with studio apartments in JVC delivering the highest yields at 8.2%.