Total Sales Value and Volume
The property market in Dubai experienced a total sales value of 1.6 billion AED from 623 transactions on November 12, 2024. This indicates a robust performance in the real estate sector, showcasing continued growth and investment opportunities in the region.
The Most Prominent Transitions
Among the prominent transactions in Dubai on this day was the sale of properties in sought-after areas such as Burj Khalifa, Al Hebiah First, Jabal Ali First, and Al Barsha South Fourth. These transactions signify the demand for luxury apartments and villas, driving the sales value and volume in the market.
The Most Expensive Properties Sold
The most expensive properties sold on this day included apartments in Burj Khalifa, Al Hebiah First, and other prime locations, with prices reaching up to 9 million AED. These high-end transactions reflect the premium nature of real estate offerings in Dubai and the attractiveness of the market to affluent buyers.
Sale Summary
The sales summary for November 12, 2024, showcased a mix of primary market transactions by developers and resale properties, with projects like 1 Residences, Marbella Resort Hotel, and Sobha Reserve leading in sales volume. The diverse range of properties sold indicates a healthy market diversity and investor interest across various segments.
New Projects
Several new projects in Dubai were launched, including Vida Residences Club Point-Building A, Porto View, and Pier Point 2. These developments offer opportunities for buyers to access modern and innovative housing options, contributing to the evolving landscape of the city's real estate sector.
Overall Review
Overall, the property market in Dubai on November 12, 2024, demonstrated a vibrant and dynamic environment with a total sales value of 1.6 billion AED from 623 transactions. The most expensive properties sold highlighted the luxury segment's strength, while the sale summary showcased a mix of primary market and resale transactions. The launch of new projects signifies ongoing development and investment in the city's real estate sector, reflecting a positive outlook for future growth and opportunities.