Dubai's real estate market continues to thrive in 2024, with a mix of off-plan and ready properties attracting investors and homebuyers alike. The city's unique blend of luxury, innovation, and strategic location has cemented its position as a global real estate hub.
In this blog, we'll explore some of the best-selling projects that are shaping Dubai's property landscape in 2024.
Developed by Majid Al Futtaim, Ghaf Woods is redefining luxury living in Dubai. This unique off-plan project, set to be completed in 2027, offers a blend of nature and modern amenities that has captured the attention of buyers and investors.
Ghaf Woods has seen strong sales due to its innovative concept and commitment to sustainability. The project's unique selling points, such as the car-free zone and focus on air quality, have resonated with environmentally conscious buyers looking for a healthier lifestyle.
Emaar Properties' Golf Point in Emaar South has been a standout performer in Dubai's real estate market. This ready property offers breathtaking views of the Emaar South Golf Course, attracting golf enthusiasts and those seeking a serene living environment.
Golf Point's sales success can be attributed to its prime location and the prestige associated with the Emaar brand. The project's balance of suburban tranquility and urban accessibility has made it a popular choice among both local and international buyers.
Emaar Properties' Ocean Cove in Rashid Yachts & Marina has been another top-selling project in 2024. This off-plan development offers a sophisticated waterfront lifestyle that appeals to high-net-worth individuals and yacht enthusiasts.
Ocean Cove's sales success is driven by its prime location and the exclusivity of the Rashid Yachts & Marina community. The project's 80/20 payment plan (10% down payment, 70% during construction, 20% at handover) has also made it an attractive investment option.
The Address Residences at Dubai Creek Harbour, another off-plan project by Emaar Properties, has been a top seller in 2024. Set for completion in 2029, this development offers premium apartments and townhouses with stunning waterfront views.
The Address brand's reputation for luxury and the project's strategic location have contributed to its strong sales performance. Investors are drawn to the potential for high returns, given the ongoing development of Dubai Creek Harbour as a new city center.
HRE Real Estate Development's Skyhills Residences has emerged as a top-selling project in the more affordable segment of Dubai's luxury real estate market. This off-plan development in Dubai Science Park offers a range of apartments with completion expected in 2026.
Amenity areas on ground and podium floors
Skyhills Residences has attracted strong interest from first-time buyers and investors looking for entry-level luxury properties. Its competitive pricing and flexible payment plan (10% on booking, 50% during construction, 40% at handover) have contributed to its sales success.
The success of these projects reflects several key trends in Dubai's real estate market:
Demand for Green Living: Projects like Ghaf Woods that prioritize sustainability and wellness are seeing increased demand.
Waterfront Premium: Developments with water views or access, such as Ocean Cove and Address Residences, continue to command higher prices and strong sales.
Golf Course Communities: The popularity of Golf Point demonstrates the ongoing appeal of golf course adjacent properties.
Brand Power: Emaar Properties' dominance in the luxury segment showcases the importance of developer reputation in driving sales.
Affordable Luxury: The success of Skyhills Residences indicates a growing market for more accessibly priced luxury properties.
For investors, these trends suggest opportunities across various segments of Dubai's real estate market. From ultra-luxury waterfront properties to more affordable options in emerging areas, Dubai continues to offer diverse investment possibilities.
The off-plan market remains strong, with investors attracted by flexible payment plans and the potential for capital appreciation. However, ready properties in established communities also continue to perform well, particularly those offering unique lifestyle amenities.
As Dubai's population continues to grow and the city cements its position as a global business and tourism hub, the real estate market is expected to remain dynamic. While past performance doesn't guarantee future results, the projects highlighted in this article demonstrate the ongoing appeal of Dubai's property market to both local and international investors.
Whether you're looking for a primary residence, a vacation home, or an investment property, Dubai's real estate market in 2024 offers a wide range of options to suit various preferences and budgets. As always, potential buyers and investors should conduct thorough due diligence and consider seeking professional advice before making any real estate decisions.
