Off-Plan Market Performance
Total Value: AED2,544.0 million
Share of Weekly Ex-Land Market: 37.8%
Off-plan activity remained heavily concentrated in flats, which accounted for 79.6% of the segment’s value. Apartments therefore continued to anchor new-build activity despite the off-plan market accounting for a smaller share of overall ex-land transactions this week.
Villas contributed 15.8%, making them the second-largest off-plan category. Commercial properties represented 3.6%, while hotel apartments and rooms remained a relatively small component at 1.0%.
Top Off-Plan Areas by Transaction Value
The top 10 off-plan areas accounted for AED1,285.0 million, representing 50.5% of total off-plan transaction value.
Madinat Al Mataar was the leading off-plan area, recording AED307.0 million, equal to 12.1% of total off-plan value.
Dubai Creek Harbour followed with AED235.3 million, representing 9.3% of the off-plan market. Within Dubai Creek Harbour, Valia contributed AED176.6 million, accounting for approximately 75.0% of the area’s transaction value.
Al Rowaiyah First generated AED121.8 million, with Greenz By Danub contributing the entire amount, making the project solely responsible for the area’s recorded off-plan activity during the week.
Ready Market Performance
Total Value: AED4,183.8 million
Share of Weekly Ex-Land Market: 62.2%
Ready properties were the dominant component of Week 35, with flats generating AED3,261.7 million, or 78.0% of the segment’s value. This placed completed apartments firmly at the centre of the week’s transaction activity.
Villas contributed another AED635.5 million, representing 15.2% of ready-market value. Hotel apartments and rooms accounted for 3.6%, while commercial properties contributed 3.2%.
Top Ready Areas by Transaction Value
The top 10 ready areas together contributed AED1,558.9 million, equal to 37.3% of the ready market.
Burj Khalifa overwhelmingly led the ready market, recording AED819.4 million, equivalent to 19.6% of total ready transaction value. The result was heavily influenced by a single building transaction worth AED725.0 million, which represented approximately 88.5% of the area’s weekly value.
JBR followed with AED120.4 million, supported by the sale of three hotel apartments in Jumeirah Gate for a combined AED95.0 million. Those transactions represented approximately 78.9% of JBR’s recorded value.
Dubai Marina, Business Bay and JVC each recorded more than AED100 million, showing that activity outside the exceptional Burj Khalifa transaction remained distributed across several of Dubai’s established residential markets.
Transaction Type Analysis
Ex-land sales remained the dominant transaction type in Week 35, accounting for AED4,443.4 million, or 66.0% of total ex-land value. Mortgages followed with AED1,738.8 million, representing 25.8%, while gifts contributed AED545.7 million, equal to 8.1%.
he contrast between the two segments was particularly pronounced. Sales represented 91.7% of off-plan value, with mortgages accounting for only 1.0% and gifts for 7.4%.
The ready market had a much broader transaction-type mix. Sales contributed 50.4% of ready value, while mortgages accounted for a substantial 41.0%, or AED1,714.5 million. Gifts represented the remaining 8.6%.
On the Micro Level
The highest off-plan flat transaction of the week was in Peninsula Dubai Residences in Jumeirah Second, where a unit sold for AED34.3 million. The highest off-plan villa transaction was recorded in Lunaya in Saih Shuaib 1, at AED17.8 million.
In the ready segment, the highest apartment transaction was in Palace Beach Residence in Dubai Harbour, at AED22.7 million. The highest ready villa transaction was in June at Arabian Ranches 3, at AED5.6 million.
On the land side, Al Merkadh recorded a transaction worth AED160.0 million, making it the highest-value land deal identified for the week.
Market Insights & Outlook
Week 35 showed a softer market at the headline level, with ex-land transaction value declining 6.1% week on week to AED6,727.9 million. Transaction activity weakened more sharply, with total transactions including land falling 28.6%, while sales transactions including land declined 36.2%.
The most notable shift was the dominance of the ready market, which accounted for 62.2% of ex-land value compared with 37.8% for off-plan properties. Flats were the principal driver in both segments, representing 79.6% of off-plan activity and 78.0% of ready-market value.
Ready-market performance was also influenced by several unusually large transactions. The AED725.0 million building sale in Burj Khalifa alone represented around 17.3% of the entire ready market and approximately 10.8% of total ex-land value, helping push the completed-property segment well ahead of off-plan activity.
Transaction-type data provides an additional distinction between the two markets. Off-plan activity remained overwhelmingly sales-led, with sales contributing 91.7% of value. The ready market was considerably more balanced, with 50.4% coming from sales and 41.0% from mortgages, highlighting the substantial role of financing in completed-property transactions during the week.
Land activity remained substantial at AED4,043.5 million, while the geographical data showed different concentration patterns across the two segments. The top 10 off-plan areas accounted for 50.5% of off-plan value, led by Madinat Al Mataar and Dubai Creek Harbour, while the top 10 ready areas represented 37.3% of ready activity, with Burj Khalifa standing out because of the exceptionally large single-building transaction.
Data Source: Dubai Land Department
Only freehold transactions are included
