Welcome to the esteemed quarterly report from Morgan’s International Realty, your indispensable resource for navigating Dubai's property market. As you explore the pages of this report, you will discover an abundance of carefully curated data, insights, and expert analysis gathered from a comprehensive network of reliable sources. This report provides a wide-ranging view of market performance, pricing trends, in-demand communities, and numerous other essential factors influencing the property landscape. We invite you to immerse yourself in this wealth of information, equipping you with the knowledge to make well- informed decisions in the ever-evolving Dubai property market. Our team of world-renowned consultants stands ready to serve you, offering unparalleled expertise and guidance to ensure your success in this vibrant sector.

Key Facts About Dubai’s Branded Residences Market

  • Booming Market:In the first half of 2024, Dubai sold 5,592 branded residences, totaling a staggering 28.8 billion AED. That’s 7.2% of all property transactions and 12.6% of the total transaction value in the city!
  • Surging Demand:Year on year, branded residence transactions surged by 44%, with a 25% increase in total value. Investors are more confident than ever in this luxury market. This growth rate outpaces many established luxury markets worldwide, showcasing Dubai as a top destination for high-end property investments.
  • Premium Appeal:Buyers are willing to pay, on average, 69% more per square foot for branded residences compared to non-branded properties in the same locations. This premium is significantly higher than the global average, reflecting the unmatched trust and prestige associated with Dubai’s branded properties.
  • Constant Innovation:Dubai saw 17 new branded residence developments in just the first half of 2024, adding 7,262 luxury units to the market. The city now hosts 121 branded residence projects, offering 39,046 units.
  • Prime Locations:Palm Jumeirah, Downtown Dubai, and Business Bay are home to the highest concentration of branded residences, offering unparalleled luxury living in Dubai’s most sought-after neighborhoods.
  • Record-Breaking Sales:The most expensive branded residence sold in early 2024 was a 47,700 sq. ft. villa at The Ritz-Carlton Residences, Creekside, for an astonishing 165 million AED!

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