Total Sales Value and Volume
In Dubai on Thursday, 14 November 2024, there were a total of 617 property transactions with a combined value of 2 billion AED. This indicates a highly active property market with significant investment flowing into real estate.
The Most Prominent Transitions
Among the notable transactions in Dubai include properties in Al Barsha, Business Bay, and Jumeirah, showcasing a diverse range of investments across different regions in the city. These transactions indicate continued interest from both local and international buyers in various property types.
The Most Expensive Properties Sold
The most expensive properties sold on this day in Dubai include apartments in Al Barsha South Fifth and Al Hebiah First, with prices reaching close to 1 million AED. Additionally, a plot in Jumeirah Second was sold for a staggering 98 million AED. These high-value transactions demonstrate the luxury segment's resilience in the Dubai property market.
Sale Summary
Primary market transactions dominated the sales, with several high-end projects such as 25hours Heimat Dubai and Bugatti Residences By Binghatti contributing significantly to the total sales volume. Additionally, resale properties in popular developments like Marina Pinnacle and Noor Townhouses showcased sustained demand for established properties in Dubai.
New Projects
Upcoming projects in Dubai, such as Vida Residences Club Point-Building A and Porto View, indicate a robust pipeline of developments in the city. These new projects offer opportunities for investors and buyers looking to capitalize on the future growth of the Dubai property market.
Overall Review
Overall, the daily property market sales overview in Dubai on 14 November 2024 portrayed a dynamic and resilient real estate sector. With a total of 617 transactions worth 2 billion AED, the market showcased a healthy mix of luxury properties, primary market projects, resale options, and upcoming developments. The high-value transactions and diverse range of investments highlight Dubai's appeal as a thriving real estate market.