In August 2024, there were 326 land transactions in the Dubai land market, including 160 transactions of plots with remarks plot ratio [37 cases of industrial land, 1 case of educational land, 122 cases of residential land - see detailed table below], and 167 cases of no remarks plot ratio.

In August, the area of land transactions decreased by 60.11% month-on-month and increased by 12.49% year-on-year; The total transaction price of land decreased by 7.40% month-on-month and increased by 60.32% year-on-year; The total number of land transactions increased by 6.19% month-on-month and 43.61% year-on-year.

In August, the volume of land transactions has risen for four consecutive months, and the volume has risen and fallen. The decrease in the total transaction price of land was due to the large decline in the transaction area, which fell by more than 50%.

In August 2024, the average monthly transaction price of condominiums was 2,125 d/sq ft, up 4.44% month-on-month and down 12.17% year-on-year; The number of units traded was 8,559 units, up 4.56% month-on-month and 52.57% year-on-year, with both volume and price rising. The average monthly transaction price of existing houses was 1,742 d/sq ft, up 13.48% month-on-month and 30.70% year-on-year; The number of units traded was 3,404 units, down 11.19% month-on-month and up 17.79% year-on-year.

In August 2024, the average monthly transaction price of villas in off-plan was 1,416 d/sq ft, down 13.34% month-on-month and up 15.75% year-on-year; The number of units traded was 2,416 units, up 31.59% month-on-month and 63.80% year-on-year. The average monthly transaction price of existing houses was 1,688 d/sq ft, down 5.29% month-on-month and up 2.01% year-on-year; The number of units traded was 735 units, down 26.65% month-on-month and 13.63% year-on-year, with both volume and price falling.

Apartment off-plan units in August 2024: the largest proportion of 1-bedroom units in the number of transactions filed was 45%, slightly higher than that in July, with an average area of 771 square feet, followed by 0-bedroom [studio] accounting for 22%, with an average area of 419 square feet, a slight decrease; The total transaction price of 1 room accounted for 34%; Existing house types: The largest proportion of 1-bedroom units in the transaction record is 40%, a slight decrease compared with July, with an average area of 788 square feet, followed by 2-bedroom and 3-bedroom units accounting for 26%, with an average area of 1,305 square feet for 2-bedroom units and 1,972 square feet for 3-bedroom units; The total transaction price of 2 houses accounted for 32%, a slight decrease compared with the previous month.

In August 2024, villa off-plan units: 4 bedrooms accounted for 48% of the number of transaction units, with an average area of 2,981 square feet, followed by 3 bedrooms accounting for 31%, with an average area of 2,491 square feet, accounting for a slight increase; The total transaction price of the record is 4 bedrooms, and the category accounts for the highest 38%; Existing house types: 3 bedrooms accounted for 48% of the total number of units recorded, with an average area of 2,329 square feet, followed by 4 bedrooms accounting for 29%, with an average area of 3,240 square feet; The total price of the transaction record is 4 rooms, accounting for 31% of the total.

In August 2024, the apartment type of off-plan: the total price range of 50-1 million yuan accounted for 28%, compared with the proportion in July, the average total price of the unit was 750,000 yuan, followed by 100-1.5 million yuan accounted for 22%, and the average total price of the unit was 1.23 million yuan; The total transaction price is more than 4 million, accounting for 23%; Existing house type: the total price range of 50-1 million accounts for 30%, the average total price of the set is 730,000 yuan, followed by 20% below 500,000 yuan, and the average total price of the set is 360,000 yuan; The total transaction price is more than 4 million, accounting for 42% of the total.

In August 2024, the villa off-plan house type: the total price range is 300-4 million, accounting for 31%, and the average total price of the set is 3.37 million yuan, followed by 200-3 million yuan, accounting for 28%, and the average total price of the set is 2.71 million yuan; The total transaction price is more than 10 million, accounting for 26%; Existing house type: the total price range of 500-10 million accounted for 29%, the average total price of the set was 6.89 million yuan, followed by 200-3 million yuan accounted for 24%, and the average total price of the set was 2.54 million yuan; The total transaction price is more than 10 million, accounting for 33% of the total.

In August 2024, the new apartments were signed and renewed, with a total annual rent of 1.592 billion yuan, 20,033 leased units, and an average price of 79,495 yuan/year, with an average price increase of 4.52% month-on-month and 14.94% year-on-year; The total renewal rent was 1.814 billion d, the number of leased units was 28,567 sets, and the average price was 63,516 d/year, with an average price decrease of 0.72% month-on-month and a year-on-year increase of 8.74%; The volume and price of new contracts rose together, and the volume and price of renewal contracts fell together.

In August 2024, villas were newly signed and renewed, with a total annual rent of 669.6 million yuan, 2,579 rental units, and an average price of 259646 per year, with an average price increase of 11.62% month-on-month and a year-on-year increase of 13.96%, and a total renewed rent of 600 million yuan, 3,292 rental units, and an average price of 182444 per year, with an average price increase of 3.85% month-on-month and 15.73% year-on-year; The price of new signings has increased, and the number of renewals has risen.

In August 2024, off-plan apartments and villas both increased significantly compared to 2023. JVC, Yunxi Port, Bu Kadra, etc. are still hot spots for apartments, and prices have increased; Villa transactions are mainly concentrated in the Maktoum Airport area, and developers under the brands of Emaar and Dubai Holding are more popular. The transaction of 500-10 million existing villas is relatively hot, reaching the top of the monthly list.

The year-on-year increase in new apartment signings was considerable, with JVC becoming the top spot in August, Business Port, International City, Marina, and Downtown becoming hot spots in the market, and JVC and International City becoming hot spots in terms of renewal. The year-on-year increase in new villa signings was high, and Damac Hills 2, Mirdif, Villanova, Dubai Hills Estate, and The Springs were still hot spots in August; Renewal, Mirdif, Damac Hills 2 and so on are still hot spots for customers to choose.

[Note: Land Bureau record data-Reading Insight Network, some transactions that do not mark the house type are not included in the statistics, the above data is for reference only]

Dubai STAR AND MOON Real Estate is an independent overseas branch of Xinwan Holdings, a group company headquartered in Nanchang, Jiangxi, China, with 30 years of comprehensive development experience.

Xinwan Holding Group is a comprehensive and diversified large-scale growth group company, which was founded in 1993 and is headquartered in Shenzhen, Guangdong-Hong Kong-Macao Greater Bay Area. The Group has a number of core business subsidiaries, such as Shenzhen Causeway Bay Cultural Tourism Group Co., Ltd., Jiujiang Causeway Bay Investment Co., Ltd., Shenzhen Shifang Commercial Management Co., Ltd., Fuhang Commercial Management Co., Ltd., etc.

    The Group has always adhered to the corporate mission of "lighting up the city and creating a better life", continued to practice the brand concept of "making a new life more beautiful with heart", implemented the development goal of "shaping new landmarks in the city and activating a new life of cultural tourism", and gradually moved towards the innovation of a comprehensive cultural, commercial and tourism group in collaboration with the four core sectors of commercial development and operation, cultural and tourism landmark building, comprehensive real estate development and asset management, so as to build a sustainable and upward urban value and a better life.

    Since its development, the group has invested more than 4 million square meters in development area, nearly 1.2 million square meters of self-owned properties, and invested more than 30 billion yuan in foreign countries.

Representative Cases:

▲Lushan ° Causeway Bay Square

▲Shenzhen ° Rong Yue Shifangli

▲ Lotus ° Causeway Bay Plaza

▲ camphor tree ° three emperors

......

    STAR AND MOON Real Estate - Xinwan Group's overseas company, the future business development model is "driven" by four modules, namely real estate development and operation, commercial investment and operation, real estate sales and leasing, and immigration and study abroad services, and the four major sectors assist each other and integrate and develop each other; The company is committed to building the four core sectors of Dubai's real estate-related chain business, establishing a solid professional foundation, and providing customers with a full range of products and services.

    In 2024, STAR AND MOON Real Estate will develop with the four major business models of "development + marketing + business + immigration and study", first breaking through to business, with the help of commercial operations, settling in Dubai with an asset-light model, endorsing customers and peers in the form of asset-light, followed by real estate development, taking asset-heavy development as a flashpoint, demonstrating the company's professional ability and financial strength, so that more customers and peers can trust the company, and re-marketing, immigration, and study abroad will attract traffic, and push the company's development to a new height.

STAMN ONE [tentative name] is a new comfort-class residential building developed and built by STAMN in Dubai-Jumeirah Garden City.

The project is planned and designed with 77 sets, with a small number of households and high privacy; There are studio441-518Sqf and 1BR828-1439Sqf. The project creates exclusive theme landscapes, fitness facilities, swimming pools and other complete living facilities for the owners. Jumeirah Garden City is the heart of Downtown Dubai, with convenient transport links and lifestyle facilities, and a 10-minute traffic radius to the city centre, the beach, the old city centre, the financial centre and the MRT station entrances. Residents living here can fully enjoy the bustling city of Dubai, a vibrant and cosmopolitan city.

▲Project renderings