Total Sales Value and Volume
In Dubai property market on 5 December 2024, the total sales value amounted to 1.6 billion AED, with a volume of 611 transactions. This indicates a strong market activity with significant investment flow. The high volume suggests a healthy market with diverse offerings catering to various buyer preferences.
The Most Prominent Transactions
Among the notable transactions, Marsa Dubai saw a high-value apartment sale worth 9 million AED, indicating the desirability of properties in this area. Additionally, Wadi Al Safa 5 and Al Barsha South Fifth witnessed apartment sales close to the 1 million AED mark, further highlighting the appeal of these locations.
The Most Expensive Properties Sold
Some of the most expensive properties sold on this day included apartments in Marsa Dubai, Wadi Al Safa 5, and Al Barsha South Fifth. These properties showcased premium features and amenities, attracting high-net-worth individuals looking for luxury living options in Dubai.
Sale Summary
The day sale summary revealed a mix of transactions in primary market (by developer) and resale apartments and villas. Projects like Vanguard By Frank Muller, Binghatti Apex, and Uptown Tower recorded multiple sales, indicating strong demand for new developments. The resale market also saw activity with projects like Grande and Rokane G25 attracting buyers.
New Projects
Several new projects were launched, including Vida Residences Club Point-Building A, Porto View, and Pier Point 2. These projects offer potential buyers modern living spaces with attractive amenities, contributing to the ongoing development and expansion of Dubai real estate sector.
Overall Review
On 5 December 2024, Dubai property market showcased robust activity with a total sales value of 1.6 billion AED from 611 transactions. The market saw a mix of high-value transactions in prime locations like Marsa Dubai and Wadi Al Safa 5, indicating the city continued appeal to investors and homebuyers. The sale summary highlighted a diverse range of projects catering to different market segments, while new launches like Vida Residences Club Point-Building A and Porto View signaled continued growth and innovation in Dubai real estate landscape.