Dubai Real Estate Performance: 2024 Market Overview
Do you want to have investments in Dubai, a city with a bustling property market? Trust Bonne Apart to find you the best opportunities while being your trusted agent in the line of luxury properties or affordable housing investments. Here is a general performance overview of the real estate in the year 2024.
Top Areas by Sales Volume in 2024
Multiple areas across Dubai have been abuzz with real estate activity in 2024, emerging as both the top-selling areas and leading in price appreciation. Bonne Apart is here to help you view investment opportunities in these bustling areas.
Jumeirah Village Circle (JVC)
- Total Sales: 11,506 units
- Average Price per Sqft: AED 1,300
- Average Property Price: AED 875,000
Appreciation: Volumes up 24.1% - 16.2% increase in price per sqft.
Why it matters: Huge transaction volumes and low property prices keep JVC an investor top choice. Let Bonne Apart help you find those right investments in this great location.
Business Bay
- Total Sales Volume: 8,189 units
- Average Price per Sqft: AED 2,300
- Average Property Price: AED 1.5 million
Growth: 20.5% increase in sales volumes and a 13.2% increase in price per sqft.
Why this is important: Business Bay continues to remain an active destination for both commercial and residential investments due to the increase in businesses and professionals in this district. Let Bonne Apart help you take advantage of this increased market today.
Al Merkadh
- Total Sales Volume: 5,817 units
- Average Price per Sqft: AED 1,900
- Average Property Price: AED 969,500
Growth: Though there was a minor increase of 1.7% in price per sq ft, the sales volumes grew by 11.5%.
What it means: Al Merkadh is an increasingly developing residential area in affordable and mid-market property. Bonne Apart can offer insights into the best investments in this neighborhood, which is guaranteed constant appreciation.
Madinat Dubai Almelaheyah ( Dubai Maritime City )
- Units sold: 3,871
- Average Price per Sqft: AED 2,300
- Average Property Price: AED 1.9 million
Growth: a dramatic 386.9% in sales volume and a 27.8% rise in price per sq ft despite a 15.6% drop in average property price.
What's at stake: It's growing so fast that this place is one to be considered by any player in the real estate sector. Trust Bonne Apart to walk you through these new horizons.
Marsa Dubai (Dubai Marina)
- Sales Volume: 5,234 units
- Average Price per Sqft: AED 2,200
- Average Property Price: AED 2.5 million
Drop: Sales volumes by 27.9%, with a 34.4% price per sqft drop.
Why it matters: While sales may be on the decline, that still doesn't make Dubai Marina a bad place for luxurious living. Bonne Apart can help you secure competitive deals in this prestigious area.
Mudon
- Sales Volume: 735 units
- Average Price per Sqft: AED 1,300
- Average Property Price: AED 2.9 million
Growth: Sales volumes increased by 38.2%, while the price per sqft has witnessed an increase of 18.4%.
Why it matters: Mudon is rising in popularity among families, with steady growth in property prices. Let Bonne Apart guide you to the best prospects in this growing community.
Nad Al Shiba First
- Sales Volume: 1,144 units
- Average price per sqft: AED 1,600
- Average property price: AED 4.6 million
Growth: Sales volume jumped by 101.4% while price per sqft went up by 16.7%.
Why it matters: Nad Al Shiba First is a hot area for luxury properties. Bonne Apart can help you tap into this rapidly expanding zone.
Palm Deira
- Sales Volume: 1,141 units
- Average Price per Sqft: AED 1,700
- Average Property Price: AED 5.7 million
Growth: Increase in sales volume by 1,655.4% and price per sqft up 207.4%.
Why it matters: Palm Deira is a fast-growing hub for ultra-luxury developments. Bonne Apart is in a good position to help in sourcing high-end investment opportunities in one of its finest locales.
Palm Jumeirah
- Sales Volume: 1,278 units
- Average Price per Sqft: AED 2,700
- Average Property Price: AED 4.1 million
Decline: Sales volumes have declined by 32.1%, although property prices are standing.
Why it's important: Palm Jumeirah is and will continue to be one of Dubai's iconic addresses. Good and Better Apartments can get you prime properties in this luxurious destination.
Conclusion: Trust Bonne Apart to Guide Your 2024 Real Estate Investments
The Dubai real estate market in 2024 is full of opportunities, from established areas like Jumeirah Village Circle and Business Bay to emerging hotspots like Madinat Dubai Almelaheyah and Palm Deira. Whether you're looking for luxury properties or affordable investments, Bonne Apart is your trusted partner in navigating the market and finding the perfect investment opportunities.
Reach out to Bonne Apart today for expert guidance in securing your next real estate investment in Dubai.
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