Dubai: Dubai’s property market recorded a strong performance in October, with sales value jumping 18 per cent to Dh34.8 billion as more buyers entered the market and demand for residential properties strengthened.
The latest figures from the Dubai Land Department (DLD), analysed by Property Finder, show that the number of property transactions increased by 5 per cent to 11,883, marking the first monthly rise after two consecutive months of decline.
The increase reflects renewed activity among homebuyers and investors, with residential properties accounting for the bulk of transactions. Although sales volumes remain below the levels recorded earlier this year, October’s performance points to improving buyer confidence and sustained interest in Dubai’s real estate sector.
The total value of transactions reached Dh34.8 billion, almost matching July’s Dh34.9 billion despite fewer deals, indicating higher average transaction values.
Residential properties lead growth
Residential property transactions rose 6 per cent to 11,294 in October, while their combined value increased 18 per cent to Dh30.2 billion.
Commercial property transactions declined 4 per cent to 589, but their total value increased 22 per cent to Dh4.5 billion, reflecting stronger activity in higher-value commercial deals.
Resale properties emerged as a major driver of growth, with transactions climbing 13 per cent to 5,304, representing a 37 per cent increase from their May low.
