Dubai, November 25, 2024 – The Dubai real estate market has experienced a significant surge in property handovers, with a remarkable 50% increase in Q3 2024 compared to the previous quarter. As the city continues to build on its reputation as a global investment hub, 14,900 additional homes are expected to be delivered in Q4 2024, further reinforcing the dynamic nature of Dubai’s property market.
According to recent reports, the Q3 2024 handovers totaled over 11,000 units, a sharp contrast to the 7,300 units delivered in Q2. With the momentum continuing, developers are set to deliver more than 14,000 units in the final quarter of the year, covering a wide range of residential, commercial, and mixed-use developments.
The expansion in handovers comes at a time when the demand for high-quality, affordable, and luxury properties continues to grow. Notably, projects in areas like Dubai Marina, Downtown Dubai, and Dubai South are seeing the highest demand, further solidifying the city’s status as a preferred destination for both investors and homebuyers.
Adham Younis, Group CEO of D&B Properties, commented:
"The 50% increase in handovers this quarter reflects the robust growth and resilience of Dubai’s real estate sector. With more than 14,000 homes set to enter the market in Q4, we are seeing an expanding pipeline of world-class properties catering to a diverse range of buyers. This surge in supply will support the city's ongoing urban expansion and its status as a global real estate leader. Dubai continues to provide unparalleled opportunities for investors, and we anticipate strong demand in the coming months."
The increase in handovers can also be attributed to the acceleration of infrastructure projects and continued government support through pro-business policies, enhancing the overall appeal of Dubai for both residential and commercial investors.
With Dubai’s real estate market showing no signs of slowing down, the upcoming quarter is expected to bring even more growth and opportunities, reaffirming the city’s position as a dynamic global hub for real estate investment.
About D&B Properties
D&B Properties is a leading real estate agency in Dubai, known for its innovative approach and expertise in off-plan and ready properties. With a focus on exceptional customer service and market insight, D&B Properties provides tailored solutions to help clients navigate the Dubai property landscape.
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