Page 212 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/6/24, 5:22 PM Dubai real estate sector sees record 20,460 sales in October; most popular developers revealed - Arabian Business: Latest News o…
Dubai real estate October 2024

The residential sector accounted for more almost 95 per cent of sales, with over 19,400

transactions.

Zhann Jochinke, Chief Operating Officer, Property Monitor, said: “After a record-breaking
September, the Dubai real estate sector reached another new high in October. Once again,

off-plan and under-construction properties accounted for the majority of sales,
highlighting continued investor confidence in the sector.

“With reduced interest rates, a plethora of new projects on the way and more people
choosing to buy rather than rent, Dubai’s property market shows no sign of slowing down.”

The most expensive transaction for a completed property in October was for a villa at
Jumeirah Bay, which fetched AED175m ($48m).

Meanwhile, a villa at EOME on Palm Jumeirah’s western crescent topped the off-plan sales
price, at AED170.5m ($46m), according to Property Monitor.

Emaar, DAMAC and Sobha secured the largest number of off-plan sales in October:

https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-sector-sees-record-20460-sales-in-october-most-popular-developers-revealed 2/3