Dubai’s residential 
market
has experienced a remarkable surge, with registered transactions soaring by 55 per cent to 33,110 in the last quarter of 2024, compared to 21,405 transactions during the same period in 2023. This impressive growth has been driven by six leading developers, with Sobha Realty at the forefront.
The company led the market with 1,960 registered residential transactions, primarily fuelled by its flagship project, Sobha Orbis. Sales value for the quarter surged 44 per cent to Dh 65.23 billion, up from Dh 45.45 billion reported in October–December 2023, according to data from Square Yards, a prominent property portal.
