Exciting Real Estate Market Data for the Last Quarter of 2024: What Buyers Should Know

1. Price Trends

Stable Price Growth

Over the past year, the real estate market has demonstrated a degree of stability, with property prices seeing an average increase of 3-5% in most key areas. This growth signifies a return to a more balanced market after previous volatility. Buyers can expect prices to remain relatively steady, making it a more opportune time for those looking to invest.

Luxury Segment Performance

The luxury real estate market has continued to thrive, driven by ongoing demand from affluent buyers and investors. In the last quarter of 2024, prices in this segment have risen by approximately 5-8%. The increasing interest in luxury properties reflects a broader trend of investment in high-end, well-located homes, particularly as more international buyers are drawn to Dubai’s lifestyle and economic opportunities.

2. Inventory Levels

Balanced Supply

The inventory of available properties has improved slightly, providing buyers with more options than in previous quarters. The market is beginning to see a balance between supply and demand, which is encouraging for prospective buyers. While some desirable neighborhoods still experience competitive bidding, the overall increase in available listings helps ease some of the pressure.

Upcoming Developments

Several new residential projects are scheduled for completion in early 2025. These developments are expected to add much-needed inventory to the market, particularly in areas that have seen significant demand. For buyers, this means more choices and potentially better pricing options as new properties enter the market.

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