Dubai Ready Apartment Sales Soar to AED 5.28 Billion in October, Led by JVC and Palm Jumeirah
Dubai's ready apartment sales reached AED 5.28 billion across 2,988 transactions in October, marking the highest monthly value since February, with Jumeirah Village Circle leading in transaction volume and Palm Jumeirah
Ready apartment sales in Dubai experienced a significant surge in October, with transactions reaching AED 5.28 billion across 2,988 units. This represents a substantial increase of 25.7% in value and 22.6% in transactions compared to September figures (AED 4.2 billion from 2,437 sales).
According to an analysis of Dubai Land Department (DLD) data by Al Masdar Al Aqaari, October's performance marks the highest monthly value for ready apartment sales since February of this year. Ready apartments constituted 36.9% of the total residential apartment sales value and 34.3% of all apartment sales transactions in Dubai for the month.
Top Performing Communities
Jumeirah Village Circle ([JVC](/areas/jvc)) led the market in terms of transaction volume for ready apartments, recording 384 sales totaling AED 364.8 million. Other communities with high transaction numbers included:
- Business Bay: 237 transactions worth AED 448.6 million
- Liwan: 187 transactions worth AED 192 million
- International City Phase 1: 129 transactions worth AED 58.2 million
- Dubai Marina: 123 transactions worth AED 338.6 million
High-Value Market Segment
The luxury segment also saw strong activity, with 44 ready apartments selling for AED 10 million or more, generating a combined AED 700 million in sales. Palm Jumeirah dominated this segment, accounting for 18 transactions valued at AED 343.9 million, nearly half of the total value for high-end ready apartment sales.
Palm Jumeirah also recorded the two most expensive ready apartment sales in October, with individual transactions reaching AED 55 million and AED 53.7 million.
Questions, answered
- What was the total value and number of ready apartment sales in Dubai for October?
- Dubai recorded AED 5.28 billion in ready apartment sales across 2,988 transactions in October, according to data analysed by Al Masdar Al Aqaari.
- How did October's ready apartment sales compare to September's?
- October's sales value increased by 25.7% and transactions climbed by 22.6% compared to September, which saw approximately AED 4.2 billion from 2,437 ready apartment sales.
- Which community led in the number of ready apartment sales transactions?
- Jumeirah Village Circle (JVC) led Dubai with 384 ready apartment sales transactions in October, amounting to AED 364.8 million.
- Which area saw the highest value in luxury ready apartment sales?
- Palm Jumeirah led the high-value segment, with 18 transactions worth AED 343.9 million for ready apartments priced at AED 10 million or more. It also recorded the two most expensive sales of AED 55 million and AED 53.7 million.
- What percentage of total apartment sales did ready apartments represent in October?
- Ready apartments accounted for 36.9% of the total value and 34.3% of all residential apartment sales transactions in Dubai during October, including both ready and off-plan properties.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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