Monthly benchmark release

Dubai Property Market Benchmark — November 2024

Dubai recorded 14,529 property sales worth ⃃ 43.3B in November 2024. The median sale price was ⃃ 1,441,438 and the median price per square foot ⃃ 1,524.

Period: 1–30 November 2024Compared with: no prior-year month on recordSample: 14,529 sales · 78,237 rentals
Property sales
14,529
registered in November 2024
Sales value
⃃ 43.3B
⃃ 43,251,301,912
Median sale price
⃃ 1,441,438
14,529 sales
Median price per sq ft
⃃ 1,524
14,529 sales

What happened in the Dubai property market in November 2024?

Quotable statistics — each line has its own link (use the # anchor).

  1. 14,529 property sales were registered in Dubai in November 2024. #
  2. Sales were worth ⃃ 43,251,301,912 in total. #
  3. The median sale price was ⃃ 1,441,438. #
  4. The median price per square foot was ⃃ 1,524, −4.7% on the previous month. #
  5. Developer (primary) sales were 61.1% of the month's sales (8,880); resales 5,649. #
  6. Off-plan units were 59.7% of sales (8,678); ready units 5,851. #
  7. 78,237 rental contracts were registered, at a median annual rent of ⃃ 55,000. #
DXBinteract, “Dubai Property Market Benchmark — November 2024”, https://dxbinteract.com/dubai-property-market-benchmark/2024-11. DXBinteract analysis based on Dubai Land Department transaction data.

How were November 2024 sales split?

Primary/resale is who sold; off-plan/ready is the unit’s state. Each pair adds up to the total.

SegmentSalesShareValueMedian pricePer sq ft
All sales14,529100%⃃ 43.3B⃃ 1,441,438⃃ 1,524
Primary (developer)8,88061.1%⃃ 25.1B⃃ 1,404,693⃃ 1,584
Resale5,64938.9%⃃ 18.2B⃃ 1,500,000⃃ 1,392
Off-plan8,67859.7%⃃ 22.2B⃃ 1,525,000⃃ 1,639
Ready5,85140.3%⃃ 21.1B⃃ 1,302,965⃃ 1,299

How does this month compare with the last 12?

Registered sales and median price per square foot by month, Dubai.

Dubai monthly property sales and median price per sq ft to November 2024
SalesMedian price per sq ft (⃃)
Jan 2411,6851,564
Feb 2411,9991,513
Mar 2413,6551,466
Apr 2411,6001,553
May 2417,6851,570
Jun 2414,2061,505
Jul 2416,2551,526
Aug 2416,1841,501
Sep 2418,0811,542
Oct 2420,4941,599
Nov 2414,5291,524
Dubai registered sales and median price per sq ft, January 2024 – November 2024. Source: DXBinteract. The same figures are in the table below.
MonthSalesMoMValueMedian pricePer sq ft
November 202414,529−29.1%⃃ 43.3B⃃ 1,441,438⃃ 1,524
October 202420,494+13.3%⃃ 61.3B⃃ 1,590,123⃃ 1,599
September 202418,081+11.7%⃃ 44.8B⃃ 1,572,881⃃ 1,542
August 202416,184−0.4%⃃ 47.4B⃃ 1,686,844⃃ 1,501
July 202416,255+14.4%⃃ 50.2B⃃ 1,630,000⃃ 1,526
June 202414,206−19.7%⃃ 45.6B⃃ 1,544,825⃃ 1,505
May 202417,685+52.5%⃃ 46.6B⃃ 1,530,888⃃ 1,570
April 202411,600−15.0%⃃ 32B⃃ 1,475,000⃃ 1,553
March 202413,655+13.8%⃃ 37.4B⃃ 1,444,828⃃ 1,466
February 202411,999+2.7%⃃ 36.9B⃃ 1,500,000⃃ 1,513
January 202411,685—⃃ 36.2B⃃ 1,522,000⃃ 1,564

How these figures are calculated

Scope
All sale transactions registered with the Dubai Land Department in the calendar month, all property types; rental contracts registered in the month (new and renewed).
Medians
Median sale price, median price per square foot and median annual rent of those transactions.
Comparisons
Year on year = the same month of the previous year; month on month = the previous calendar month. Only complete months are published.
Revisions
Late registrations can revise a month slightly in the following weeks; the page always shows the current figures.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-market-benchmark/2024-11
Dubai Property Market Benchmark — November 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-market-benchmark/2024-11

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Last updated · https://dxbinteract.com/dubai-property-market-benchmark/2024-11