Higher-value homes above Dhs 3 million continued to see interest, particularly in villa and waterfront communities, as the city’s real estate market recorded Dhs 45.79 billion in transactions across 17,777 deals in November, according to Springfield Properties.
Market overview
The figures represent a rise in activity compared to October, supported by steady demand from both residents and investors. Off-plan sales accounted for 71.64% of all transactions, driven by new project launches and flexible payment plans.
The secondary market recorded 5,042 deals, highlighting ongoing interest in ready homes within established communities.
Jumeirah Village Circle led sales with 1,330 transactions, followed by Dubai South (896), Business Bay (857), Dubai Maritime City (744), and Dubai Residence Complex (709).
Segment performance
Homes priced between Dhs 1 million and Dhs 3 million made up 54.44% of all sales, reflecting strong mid-market demand. Properties below Dhs 1 million accounted for 25.10%, mainly among first-time buyers and investors seeking rental returns.
Higher-value properties above Dhs 3 million, including villas and waterfront homes, continued to attract buyers.
The commercial sector recorded 1,197 transactions worth Dhs 18.44 billion, concentrated in key business districts such as DIFC, Business Bay, and One Central. Warehousing and industrial units in Jebel Ali and Dubai South also saw strong activity from logistics and e-commerce firms.
Rental market trends
The rental market recorded 43,893 leases in November, with a total value of Dhs 3.9 billion. Popular districts included Al Barari, MBR City, JVC, Dubai Hills Estate, and Arjan, reflecting demand for family-friendly communities and well-located mid-market homes.
Farooq Syed, CEO of Springfield Properties, said: “Reaching Dhs 45.79 billion in November highlights a stable month for Dubai’s real estate sector. The increase from October reflects steady activity from both end-users and investors. Buyers continue to move with confidence, supported by clear regulations, long-term visa options, and ongoing development across the city.”
He added: “The data shows steady, consistent activity across all major segments. Buyers are choosing communities with strong infrastructure, and developers are bringing forward projects that match current demand. This balance supports confidence in the market as Dubai continues to grow.”
With population growth and major infrastructure projects underway, Dubai’s property market is expected to remain active heading into 2026.
tanvir@dubainewsweek.com
