Dubai’s real estate market saw a significant boost in April 2024, with registered sales transactions increasing by 45.11% compared to the previous year, totaling 11,607 transactions. The total value of transactions in the first quarter of 2024 also rose by 21.13% compared to the same period in 2023, reaching an impressive 32 billion dirhams.
According to Property Finder’s data, potential buyers were most interested in residential apartments, with 58% showing interest, while villas or independent homes drew the attention of just 42%. Renters preferred apartments over villas or townhouses, with 79% searching for apartments and only 21% looking for villas or townhouses.
The demand for three-bedroom villas remained high, while there was also interest in larger units with four or more bedrooms. Tenants showed a preference for ready-furnished apartments over unfurnished options. Popular areas for apartment buyers included Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah. For those looking to rent villas, areas such as Dubai Hills Estate
