Total Sales Value and Volume
In Dubai's property market on 27 December 2024, there were a total of 773 transactions amounting to a value of 1.6 billion AED. This indicates a robust activity in the market, with significant investment and interest in real estate properties in the region.
The Most Prominent Transactions
The most prominent transactions on this day in Dubai involve properties in various regions such as Business Bay and Al Barsha South. Apartments in these areas, particularly those in the primary market sold by developers, continue to attract buyers due to their prime locations and modern amenities.
The Most Expensive Properties Sold
Among the most expensive properties sold on 27 December were apartments in Business Bay and Al Barsha South, with prices ranging from 975K AED to 999.9K AED. These properties, especially those in the primary market, reflect the luxury and exclusivity that Dubai's real estate market has to offer.
Sale Summary
The sale summary for the day highlights the dominance of primary market transactions, particularly in the apartment and villa categories. Projects like Ocean Pearl By SD - 2 and Damac Hills 2 recorded high sales volumes, indicating strong demand for newly developed properties in Dubai.
New Projects
Several new projects were launched in Dubai, including Vida Residences Club Point-Building A and Porto View. The entry of these new developments into the market presents opportunities for investors and buyers to explore fresh offerings and diversify their property portfolios.
Overall Review
Overall, Dubai's property market on 27 December 2024 showcased significant activity with 773 transactions valued at 1.6 billion AED. The focus on primary market transactions, the prominence of high-end properties, and the introduction of new projects indicate a dynamic and thriving real estate sector in Dubai.