Dubai's Residential Property Market Demonstrated Steady Fundamentals Despite Seasonal Slowdowns In August

(MENAFN- Mid-East Info) Both sales and leasing trends highlight how demand remains strong across apartments, villas, and townhouses, with both investors and end-users fueling the growth.

Sales activity eased slightly in August, with 17,710 transactions, down 5.9% from July. The total value of deals reached AED 42 billion, reflecting an 18.6% monthly dip. Yet, when compared to August 2024, both transaction volumes and values were up by a solid 10%, highlighting the market's steady year-on-year strength. Despite the seasonal slowdown, prices held firm, with the average sales price per square foot edging up 2.1% to AED 1,932. This resilience shows that while monthly figures can fluctuate, the broader trend for Dubai's property market remains firmly upward.

Demand continues to favour off-plan developments, which accounted for 73% of all transactions, emphasising buyer appetite for future projects and long-term value. Notably, Binghatti, EMAAR, and Sobha Group led the market in total off-plan sales value. -p decoding="async" class="CToWUd" title="Rupert Simmonds" src="#" alt="Rupert Simmonds" width="620" data-bit="iit" />

Top Communities in August:

The most sought-after areas for buyers and tenants revealed the continued popularity of established and well-connected neighbourhoods:

• Apartments: Dubai Marina, Business Bay, Jumeirah Village Circle
• Villas: Arabian Ranches, Dubai Hills Estate, Jumeirah Golf Estates

The Takeaway

August may have seen softer volumes, but it reinforced a simple truth: Dubai continues to deliver opportunity, stability and growth. With buyers and tenants from around the world continuing to drive the market, Betterhomes is at the forefront of this thriving sector.

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