Dubai's real estate market continues to thrive, showcasing significant growth in the secondary market for investors and homebuyers. According to a recent report by Metropolitan Homes, the first half of 2024 saw a remarkable 17.8% year-over-year increase in transaction volumes, reaching 27,949, with transaction values soaring by 23.1% to AED76.34 billion. The average residential resale price per square foot rose to AED1,545, reflecting the market's resilience even after disruptions caused by floods in April.

Apartments remain the most popular choice among buyers, making up 77% of all resale transactions, with sales totaling 21,578 units valued at AED39.99 billion. Palm Jumeirah retains its status as the most sought-after area, while Dubai South and Dubai Studio City are experiencing a surge in interest. Concurrently, demand for villas and townhouses is rising, with villa resale values climbing by 22.6% and townhouse transactions increasing by 37.4%, indicating a trend towards family-oriented living.

Looking ahead, the outlook for Dubai's residential resale market remains optimistic. Key areas such as Jumeirah Islands, Mohammed bin Rashid City, and Dubai South are becoming increasingly desirable due to their strategic development and amenities. As the city positions itself to attract more investments and talent, the anticipated growth in mid-market properties aligns with the Urban Master Plan 2040, making Dubai an appealing choice for both investors and residents