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Off-Plan Maintains 70% Market Share In November While Tenant Renewals Strengthen To 59%
(MENAFN- Mid-East Info) Dubai's residential market held steady in November, with both sales and leasing activity reflecting confidence and consistency as the city moves toward 2026, according to betterhomes.
Off-Plan Drives 70% of Transactions as Prices Rise 2.5% On the sales side, average prices rose 2.5% month-on-month to AED 1,950 per sqft, continuing the upward trend seen across Q4. The market remained steady as Dubai recorded 17,812 sales transactions worth AED 46 billion, only marking a seasonal 2.9% dip in volume. Off-plan remained the dominant driver with 12,429 transactions, while the secondary market recorded 5,383 sales, maintaining healthy absorption across established communities. -p decoding="async" class="CToWUd" src="#" width="624" data-bit="iit" /> Payment terms remained flexible, with 4-cheque agreements representing 34% of leases and single-cheque agreements 27%. Demand continued to cluster around established apartment communities such as JVC, Business Bay and Dubai Silicon Oasis, and villa hubs including Dubai Hills Estate, Damac Hills 2 and The Valley. “The leasing market moved with clarity and consistency in November,” said Rupert Simmonds, Director of Leasing at betterhomes.“With renewals making up nearly 60% of all activity and strong interest across our core communities, tenants are prioritising neighbourhoods that support everyday living as we head into the new year.” Outlook: A Stable Platform for 2026 Across both sales and leasing, betterhomes expects November's steady performance to support a balanced start to 2026, underpinned by population growth, liquidity, and sustained developer and tenant engagement across Dubai's key communities.
Off-Plan Drives 70% of Transactions as Prices Rise 2.5% On the sales side, average prices rose 2.5% month-on-month to AED 1,950 per sqft, continuing the upward trend seen across Q4. The market remained steady as Dubai recorded 17,812 sales transactions worth AED 46 billion, only marking a seasonal 2.9% dip in volume. Off-plan remained the dominant driver with 12,429 transactions, while the secondary market recorded 5,383 sales, maintaining healthy absorption across established communities. -p decoding="async" class="CToWUd" src="#" width="624" data-bit="iit" /> Payment terms remained flexible, with 4-cheque agreements representing 34% of leases and single-cheque agreements 27%. Demand continued to cluster around established apartment communities such as JVC, Business Bay and Dubai Silicon Oasis, and villa hubs including Dubai Hills Estate, Damac Hills 2 and The Valley. “The leasing market moved with clarity and consistency in November,” said Rupert Simmonds, Director of Leasing at betterhomes.“With renewals making up nearly 60% of all activity and strong interest across our core communities, tenants are prioritising neighbourhoods that support everyday living as we head into the new year.” Outlook: A Stable Platform for 2026 Across both sales and leasing, betterhomes expects November's steady performance to support a balanced start to 2026, underpinned by population growth, liquidity, and sustained developer and tenant engagement across Dubai's key communities.
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