Apartments Sale Hit $67.86B in 2024: Leading Developers in Dubai’s Apartment's Market

The real estate sector in Dubai remains high, where Dubai apartments sales 2024 recorded AED 67.86 billion sales. Competing to deliver premium residential projects, top list developers continue to drive the skyline of this city rapidly. Off-plan sales and transferred properties skyrocketed this year, positioning Dubai as a global investment hub.

In this article, we have broken down the leading developers in Dubai who dominated the markets with the highest sales, volume, and developer market share 2024.

Dubai Apartments Sales 2024: Top 10 Developers Market Share

The current market leader and highest volume selling developer is Emaar Properties, followed closely by Sobha Group and then Damac Properties. The most important other competitors with the highest share of Dubai apartment sales 2024 include Azizi Developers, Binghatti, and Danube Properties.

Below, we analyze the Dubai property market news with top developers in Dubai's real estate market 2024.

1. Emaar Properties

Emaar Properties boasts of one of the maximum shares in Dubai apartments sales 2024. Emaar remains on top as the market leader, having 14.4% of the market share. During 2024, the company marked 19,515 transferred sales valued at AED 54.13 billion. With more than 22 million sq. ft. of built-up areas, Emaar projects signify opulence as well as high demand.

The average sale price stood at AED 2.77 million, while the price per sq. ft. reached AED 2,415. Emaar's dominance reflects its strategic approach to high-end residential communities, including Downtown Dubai, Dubai Marina, and Dubai Creek Harbour.

2. Sobha Group

Sobha Group positioned second with a market share of 7.3% and 9,967 transferred sales worth AED 21.68 billion. With a total built-up area of 9.27 million sq. ft., Sobha continues to attract investors looking for premium quality developments.

It fetched the average sale price of AED 2.17 million, with a per sq. ft. rate of AED 2,264. Through high-end craftsmanship, Sobha managed to get people entering the most top-notch projects in Sobha Hartland and other prime areas and making them their home.

3. Damac Properties

Damac Properties ranked third, with total sales of AED 13.43 billion from 8,817 transactions. The developer's projects covered a built-up area of 7.37 million sq. ft., with an average sale price of AED 1.52 million and AED 1,712 per sq. ft.

Dubai Apartments transactions in 2024 have continued to grow in areas like Business Bay, Dubai Marina, and Damac Hills, driving strong investor interest.

4. Azizi Developers

Azizi recorded a total sales volume of AED 7.63 billion across 8,450 transactions, securing a 6.2% market share. With an average unit price of AED 903,337 and a per sq. ft. rate of AED 1,752, Azizi’s developments are widely recognized for their affordability and strategic locations.

5. Binghatti Develoeprs

Another name in the list of the highest Dubai apartments sales 2024 is Binghatti. It secured total sales amounting to AED 10.86 billion from 7,249 transactions. The projects from the developer had covered 6.19 million sq. ft. in size, at an average of AED 1.49 million per unit, and AED 1,761 per sq. ft. 

Binghatti’s innovative architecture and integration of smart home technology have contributed to its growing presence in the Dubai property market news.

6. Danube Properties

With 6,334 transferred sales, Danube Properties recorded AED 9.42 billion in total sales, marking a 4.7% market share. The average sale price was AED 1.48 million, while the price per sq. ft. stood at AED 2,150. Danube is known for its affordable yet premium developments, particularly in areas like Jumeirah Village Circle and Arjan.

7. Samana Developers

Samana Developers secured AED 4.18 billion in sales across 4,359 transactions, covering a total built-up area of nearly 3 million sq. ft. The average sale price reached AED 959,344, with a per sq. ft. rate of AED 1,476. Samana has gained popularity for its contemporary-styled residences in up-and-coming neighborhoods.

8. Nakheel

Nakheel recorded 3,248 transactions worth AED 5.82 billion, with a total built-up area of 3.72 million sq. ft. The average sale price was AED 1.79 million, while the price per sq. ft. stood at AED 1,201. Nakheel’s developments in Palm Jumeirah and Deira Islands continue to attract global investors, making it a significant player in Dubai’s real estate market share 2024.

9. Ellington Properties

Ellington Properties achieved AED 6.81 billion in total sales, with 2,871 transactions. The average sale price stood at AED 2.37 million, while the per sq. ft. price reached AED 2,009. Ellington is known for its boutique-style luxury residences, which led it to become one of the top contributors to Dubai market share 2024 for apartments. 

10. Nshama

Nshama rounded out the top ten with a market share of 2%, totaling AED 4.53 billion in sales from 3,024 transactions. The developer’s projects are recognized for their affordability and community-centric designs, particularly in Town Square Dubai.

Conclusion

Dubai apartment transactions in 2024 have been shaped by fierce competition among top developers, with Emaar leading the pack. The city’s real estate sector remains a lucrative investment opportunity, attracting buyers from around the world. 

With increasing demand for high-quality residences, these developers are set to redefine urban living in Dubai apartments sales 2024. As Dubai's real estate market 2024 continues to thrive, developers with a strong developer market share 2024 are poised to lead the way in shaping the future of Dubai’s skyline.