{"id":1731,"date":"2024-03-02T13:01:00","date_gmt":"2024-03-02T12:01:00","guid":{"rendered":"https:\/\/dubairealestate.net\/?p=1731"},"modified":"2026-07-02T11:38:51","modified_gmt":"2026-07-02T09:38:51","slug":"february-2024","status":"publish","type":"post","link":"https:\/\/dubairealestate.net\/en\/chiffres-immobiliers\/fevrier-2024\/","title":{"rendered":"Dubai property figures: February 2024"},"content":{"rendered":"<p class=\"wp-block-paragraph\">In February 2024, the Dubai property market showed remarkable momentum, recording&nbsp;<strong>significant growth<\/strong>&nbsp;in terms of both the number of transactions and sale prices. This article provides a detailed analysis of this performance, whilst identifying the most sought-after neighbourhoods and trends in the rental market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Property transactions in Dubai in February 2024<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">February 2024 marked a significant milestone in Dubai\u2019s property sector, with a total of&nbsp;<strong>12,025 transactions<\/strong>, representing an increase of&nbsp;<strong>34%<\/strong>&nbsp;compared with February 2023. Sales totalled&nbsp;<strong>AED 22.9 billion<\/strong>, representing an impressive increase of&nbsp;<strong>85,1%<\/strong>&nbsp;compared with the previous year.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total property transactions:\u00a0<strong>12,025 sales (+341 Q3)<\/strong><\/li>\n\n\n\n<li>Total sales value:\u00a0<strong>AED 22.9 billion (+85.1%)<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis by segment: flats, villas, commercial properties and land<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Flats<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Flat sales continued to rise, reaching a total value of&nbsp;<strong>AED 6.2 billion<\/strong>, which represents an increase of&nbsp;<strong>31,8%<\/strong>&nbsp;compared with February 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Villas<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike flats, the value of villa sales fell by&nbsp;<strong>26,2%<\/strong>, totalling&nbsp;<strong>AED 1.4 billion<\/strong>. This fall may be attributed to market fluctuations or to lower demand for this type of property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Commercial properties<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The commercial segment also showed positive growth, with sales totalling&nbsp;<strong>AED 533.2 million<\/strong>, representing an increase of&nbsp;<strong>19,8%<\/strong>&nbsp;compared with the previous year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Plots of land<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The value of land transactions has skyrocketed, reaching&nbsp;<strong>AED 14.7 billion<\/strong>, representing a staggering increase of&nbsp;<strong>235,5%<\/strong>&nbsp;compared with February 2023. This exceptional performance highlights a growing interest in property development in Dubai.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flats:\u00a0<strong>AED 6.2 billion (+31.81% Q3)<\/strong><\/li>\n\n\n\n<li>Villas:\u00a0<strong>AED 1.4 billion (-26.2%)<\/strong><\/li>\n\n\n\n<li>Sales:\u00a0<strong>AED 533.2 million (+19.81% Q3)<\/strong><\/li>\n\n\n\n<li>Plots:\u00a0<strong>AED 14.7 billion (+235.5%)<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Rental market trends in Dubai in February 2024<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Flats<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Renting a flat in Dubai now costs, on average,&nbsp;<strong>72,500 AED<\/strong>&nbsp;per year, representing an increase of&nbsp;<strong>20,8%<\/strong>&nbsp;compared with February 2023. This increase reflects a continued rise in demand for urban housing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Villas<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The average rental price for villas is&nbsp;<strong>170,000 AED<\/strong>&nbsp;per year, representing an increase of&nbsp;<strong>17,2%<\/strong>. This figure reflects the enduring appeal of larger and often better-equipped homes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Commercial properties<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As for commercial properties, the average rental price remains stable at&nbsp;<strong>70,000 AED<\/strong>&nbsp;per year. This stability could indicate that supply and demand are currently in balance in this segment.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flats:\u00a0<strong>72,500 AED per year (+20.8%)<\/strong><\/li>\n\n\n\n<li>Villas:\u00a0<strong>170,000 AED per year (+17.2%)<\/strong><\/li>\n\n\n\n<li>Commercial properties:\u00a0<strong>70,000 AED per year (unchanged)<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">The most dynamic neighbourhoods in February 2024<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Al Barsha South<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With&nbsp;<strong>1,152 transactions<\/strong>&nbsp;Of the completed projects, Al Barsha South stands out as the neighbourhood with the highest number of sales. The total value of these sales amounts to&nbsp;<strong>1.121 billion AED<\/strong>, thereby demonstrating its considerable appeal to buyers and investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Madinat Dubai Almelaheyah<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This neighbourhood was also among the areas with high sales activity, although the initial data did not provide precise figures on the number of transactions or their values.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Bay and Dubai Marina<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Business Bay and Dubai Marina continue to be major centres of attraction. However, specific statistics regarding the number of transactions and their value are not detailed here.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Al Merkadh<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, Al Merkadh is one of the notable neighbourhoods, although no exact figures have been provided.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Al Barsha South:\u00a0<strong>1,152 transactions, 1,121 billion AED<\/strong><\/li>\n\n\n\n<li>Madinat Dubai Almelaheyah: no precise data available<\/li>\n\n\n\n<li>Business Bay and Dubai Marina: details not provided<\/li>\n\n\n\n<li>Al Merkadh: missing figures<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Dubai property market in February 2024 is showing remarkable strength, characterised by a strong&nbsp;<strong>growth in transactions<\/strong>&nbsp;and some&nbsp;<strong>sales figures<\/strong>. The segments of the&nbsp;<strong>flats<\/strong>&nbsp;and some&nbsp;<strong>plots of land<\/strong>&nbsp;are particularly buoyant, whilst the rental sector is also showing signs of considerable vitality. Neighbourhoods such as&nbsp;<strong>Al Barsha South<\/strong>&nbsp;are attracting particular attention from investors. These trends point to continued confidence in Dubai\u2019s potential as a global property hub.<\/p>","protected":false},"excerpt":{"rendered":"<p>En f\u00e9vrier 2024, le march\u00e9 immobilier de Duba\u00ef a connu une dynamique remarquable, enregistrant des&nbsp;croissances significatives&nbsp;tant au niveau des transactions que des valeurs de vente. Cet article propose une analyse d\u00e9taill\u00e9e de ces performances, tout en identifiant les quartiers les plus pris\u00e9s et les tendances du march\u00e9 locatif. Transactions immobili\u00e8res \u00e0 Duba\u00ef en f\u00e9vrier 2024 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":1732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-1731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chiffres-immobiliers"],"_links":{"self":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/comments?post=1731"}],"version-history":[{"count":1,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1731\/revisions"}],"predecessor-version":[{"id":1733,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/1731\/revisions\/1733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media\/1732"}],"wp:attachment":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media?parent=1731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/categories?post=1731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/tags?post=1731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}