Dubai Most sold  Luxury Properties: Market Insights from 2024 Data

Dubai’s luxury real estate market has solidified its reputation as a global hotspot in 2024, driven by remarkable demand for luxury homes, villas, and apartments for sale. Whether it’s buying a luxury villa in Dubai or exploring premium penthouses and townhouses, the city continues to attract high-end property seekers and investors.

This article dives deep into the performance of luxury properties across key areas, analyzing first sales and second sales, price trends, and transaction volumes. With comprehensive insights into the thriving luxury estates sector, we’ll help you understand how Dubai has set a new benchmark in the global real estate market.

Exploring the Surge in Luxury Property Transactions

In 2024, the luxury property market in Dubai witnessed impressive sales figures across various segments. From luxury villas for sale to apartments in Dubai, the demand for premium homes has seen a noticeable increase. The average price per square foot for these properties has surged, with luxury homes in Dubai offering more than just a place to live—they are becoming a symbol of opulence and success.

Investors and homeowners alike are turning to luxury residences in Dubai, knowing that the city offers a combination of high returns and lifestyle appeal. This has translated into a diverse range of property transactions, with both first sale and second sale properties experiencing significant shifts in pricing.

here is Dubai top sold luxury region data from 2024 

Dubai Marina: A 2024 Luxury Property Market Overview

Dubai Marina continues to stand as one of the premier luxury property destinations in Dubai, attracting significant investment. With a bustling market for luxury villas, flats, and apartments, it remains one of the best areas for those looking to buy luxury real estate in Dubai.

First Sale Overview: In 2024, Dubai Marina recorded 1,361 first sale transactions, with an average price of 2,465 AED per square foot. The total value of these transactions reached 5.08 billion AED. When it comes to price changes, the average price per square foot for first sales started at 1,852 AED in January and surged to 2,508 AED in December, marking an impressive growth of 35.4%. This makes it a hot spot for those seeking to buy luxury villas or luxury flats in Dubai.

Second Sale Overview: 

In the second-hand property market, Dubai Marina saw 3,038 second sale transactions, with an average price of 1,665 AED per square foot. The total value of these transactions was 6.07 billion AED. Starting with an average price of 1,685 AED per square foot in January, the price increased to 1,769 AED by December, reflecting a 4.97% increase. This consistent growth in price makes the area ideal for those interested in luxury real estate Dubai or buying a penthouse in Dubai.

Key Insights for Buyers and Investors in Dubai Marina: 

Dubai Marina’s luxury homes and properties, such as luxury villas for sale in Dubai or luxury apartments for sale in Dubai, have experienced steady price increases. For investors, this region continues to offer lucrative returns, whether looking to invest in luxury residences in Dubai or luxury houses in Dubai.

Price Increase Insights:

• First Sale: Price per square foot in the first sale market increased by 35.4% from January to December.
• Second Sale: The price in the second sale market saw a more moderate increase of 4.97% during the same period.

Dubai Marina remains a top choice for those considering luxury real estate investment or looking to purchase luxury homes in Dubai in 2025.

for other Dubai luxury properties read our previous post Budget friendly luxury properties

Dubai Maritime City: Luxury Real Estate Trends in 2024

Dubai Maritime City has emerged as a prominent area in the luxury property segment, showcasing steady performance in both first sale and second sale markets in 2024. With increasing demand for luxury apartments for sale in Dubai and luxury residences, this region is gaining attention from buyers and investors alike.

Total Sales Performance in 2024

In the first sale market, Dubai Maritime City recorded an impressive 2,433 transactions, with an average price of 2,448 AED per square foot. The total transaction value reached 4.71 billion AED, underlining the area's status as a top destination for luxury flats and villas in Dubai.

The second sale market also performed steadily, with 498 transactions at an average price of 1,952 AED per square foot, resulting in a total transaction value of 1.0 billion AED. These figures reflect the growing appeal of luxury real estate in Dubai, particularly in this dynamic waterfront district.

Price Changes and Growth Percentage

First Sale Market

• January 2024 Average Price: 2,414 AED per square foot
• December 2024 Average Price: 2,416 AED per square foot
• Growth Percentage: 0.08% increase over the year

Second Sale Market

• January 2024 Average Price: 1,836 AED per square foot
• December 2024 Average Price: 2,103 AED per square foot
• Growth Percentage: 14.55% increase over the year

Dubai Maritime City’s performance highlights its growing prominence in the luxury homes for sale in Dubai market. While the first sale market showed stability, the second sale market's notable price growth emphasizes its potential as a lucrative investment opportunity for those looking to buy luxury properties in Dubai.

Maydan One Dubai: A Thriving Hub for Luxury Property Investment in 2024

Maydan One has solidified its position as a leading destination in Dubai's luxury real estate market, showcasing remarkable performance across both first sale and second sale transactions in 2024. The area's appeal is undeniable, drawing buyers and investors seeking the best luxury properties in Dubai.

Total Sales Performance in 2024

The first sale market in Maydan One recorded an impressive 3,164 transactions, with an average price of 2,007 AED per square foot. The total transaction value reached a substantial 3.03 billion AED, making it a hotspot for those looking to buy luxury villas or luxury apartments in Dubai.

In the second sale market, 1,345 transactions were completed, with an average price of 1,752 AED per square foot and a total transaction value of 1.09 billion AED. This highlights the sustained interest in luxury real estate in Dubai, particularly in resale properties.

Price Changes and Growth Percentage

First Sale Market

• January 2024 Average Price: 1,737 AED per square foot
• December 2024 Average Price: 2,277 AED per square foot
• Growth Percentage: 31.09% increase

Second Sale Market

• January 2024 Average Price: 1,464 AED per square foot
• December 2024 Average Price: 2,359 AED per square foot
• Growth Percentage: 61.20% increase

The impressive growth in both the first and second sale markets underscores Maydan One's potential as a prime location for luxury real estate investment in Dubai. Whether you're considering luxury homes for sale in Dubai or exploring luxury flats in Dubai, Maydan One is a promising choice for 2025.

for mid segment properties you can read our previous post Dubai Mid range properties

Sobha Hartland: A 2024 Luxury Property Snapshot

Total Sales Overview

Sobha Hartland witnessed robust activity in the luxury property market throughout 2024. The first sale market recorded 378 transactions, with an average price of 1,886 AED per square foot, contributing to a total transaction value of 819.7 million AED. Meanwhile, the second sale market saw 1,078 transactions at an average price of 1,898 AED per square foot, resulting in a total transaction value of 1.79 billion AED. These figures underscore the region’s appeal among buyers seeking luxury real estate in Dubai.

Price Trends and Growth Analysis

The first sale market experienced a price decline over the year. In January, the average price per square foot was 1,942 AED, which dropped to 1,745 AED in December, reflecting a decrease of 10.1%.

Conversely, the second sale market showed a positive trend. The average price per square foot in January stood at 1,841 AED, rising to 1,960 AED in December, marking a growth of 6.5%.

Key Insights for Buyers and Investors

Sobha Hartland presents a dynamic market for luxury real estate in Dubai. While first sales offer attractive pricing opportunities, the second sale market highlights increasing demand, especially for high-value properties such as luxury villas and apartments.

Burj Khalifa: A Landmark in Dubai's 2024 Luxury Property Market

First Sale Transactions: Showcasing Unmatched Value

The iconic Burj Khalifa recorded 1,178 first sale transactions in 2024, with an average price of 3,387 AED per square foot. The total value of these transactions reached an impressive 4.94 billion AED. This high demand underscores the enduring appeal of luxury residences in one of the most renowned landmarks in the world.

Second Sale Transactions: A Testament to Burj Khalifa's Demand

The second-hand property market in Burj Khalifa witnessed 2,632 transactions, averaging 2,805 AED per square foot. With a total transaction value of 9.85 billion AED, this highlights the consistent demand for luxury properties in this prestigious address.

Price Dynamics: Exceptional Growth in 2024

• First Sale Market: Prices per square foot rose from 2,880 AED in January to 3,680 AED in December, marking a growth of 27.8%.
• Second Sale Market: Starting at 2,710 AED in January, the price per square foot reached 2,954 AED by December, showing a growth of 9%.

Insights for Investors: Burj Khalifa's Real Estate Opportunities

With its soaring transaction values and steady price appreciation, Burj Khalifa remains a top choice for investors seeking luxury real estate in Dubai. Whether exploring first sale opportunities or investing in the second-hand market, the growth trends reinforce its position as a premier investment destination.

for Affordable properties read this Dubai Affordable properties