Page 218 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/6/24, 5:22 PM Dubai property sales hit another record in October, with nearly 20,460 sales, says new Property Monitor report
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.”

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The most expensive transaction for a completed property in October was for a villa at Jumeirah Bay,
which fetched AED175 million. Meanwhile, a villa at EOME on Palm Jumeirah’s western crescent

topped the off-plan sales price, at AED170.5 million, according to Property Monitor.

Emaar, DAMAC and Sobha secured the largest number of off-plan sales in October. Emaar took the
biggest share (16.3%) with 2,053 sales; DAMAC accounted for 14.8% with 1,863 registrations and
Sobha 11.6% with 1,463.

The full Property Monitor October report will be published later this month.

Download and sign up to receive Property Monitor’s Monthly Market Report here. For more information
on Property Monitor, visit the website.

Property Monitor is part of the Cavendish Maxwell Group.

About Property Monitor (Home - Property Monitor)

Property Monitor is the UAE’s leading real estate technology and market intelligence provider, offering
solutions that empower our clients in the real estate ecosystem to make better and faster decisions

through data-driven insights.

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