In September 2024, there were 228 land transactions in Dubai's land market, including 74 transactions of plots with remarks plot ratio [27 parcels of villas, 21 parcels of apartments, 3 parcels of commercial plots, and 13 parcels of commercial and residential plots], and 154 cases of plots without remarks.

In September, the area of land transactions decreased by 31.70% month-on-month and 20.51% year-on-year; The total transaction price of land decreased by 40.94% month-on-month and 19.57% year-on-year; The total number of land transactions decreased by 30.06% month-on-month and 23.75% year-on-year.

In September, the volume and price of land fell together. The large area of land transaction volume and the large decline in the total transaction price indicate that the unit price of land transactions is low, and the number of land transactions has dropped from 326 in August to 228.

In September 2024, the average monthly transaction price of condominiums was 1,996 d/sq ft, down 6.03% month-on-month and 9.72% year-on-year; The number of units traded was 9,613 units, up 12.31% month-on-month and 38.54% year-on-year. The average monthly transaction price of existing houses was 1,478 d/sq ft, down 15.15% month-on-month and up 2.97% year-on-year; The number of units traded was 3,820 units, up 12.22% month-on-month and down 23.82% year-on-year.

In September 2024, the average monthly transaction price of villas in off-plan was 1,359 d/sq ft, down 4.04% month-on-month and 2.7% year-on-year; The number of units sold was 2,354 units, down 2.57% month-on-month and up 38.55% year-on-year. The average monthly transaction price of existing houses was 1,819 d/sq ft, up 7.76% month-on-month and 12.06% year-on-year; The number of units traded was 755, up 2.72% month-on-month and 1.62% year-on-year, with both volume and price rising.

In September 2024, the number of apartment off-plan units: the largest proportion of 1-bedroom units was 48%, the same as in August, with an average area of 748 square feet, and the average area of units decreased, followed by 2-bedroom units, accounting for 29%, with an average area of 1,200 square feet, and the average area of units decreased slightly; The total transaction price is 2 rooms, accounting for 38%; Existing house types: 1 bedroom accounted for 44% of the number of units sold, a slight increase compared with August, with an average area of 798 square feet, followed by 2 bedrooms accounting for 27%, with an average area of 1,367 square feet; The highest proportion of the total transaction price of 2 houses was 38%, an increase from the previous month.

In September 2024, the number of villa off-plan units: the largest number of 4-bedroom units was 64%, with an average area of 2,705 square feet, and the transaction volume increased significantly compared with August, indicating that the number of customers buying 4 rooms increased sharply, followed by 3 bedrooms accounting for 20%, with an average area of 2,390 square feet; The total transaction price of 4 houses is the highest, accounting for 50%; Existing house types: 3 bedrooms accounted for 48% of the total number of units, with an average area of 2,351 square feet, followed by 4 bedrooms, accounting for 28%, with an average area of 3,450 square feet; The total transaction price of 4 houses was the highest, accounting for 34%.

In September 2024, the apartment type of off-plan: the total price range of 50-1 million yuan accounted for 27%, compared with the decline in the proportion in August, the average total price of the unit was 770,000 yuan, followed by 100-1.5 million yuan accounted for 24%, and the average total price of the unit was 1.23 million yuan, accounting for a large decrease; The total sales of more than 4 million yuan in total transaction price are the highest, accounting for 19%; Existing house type: the total price range of 50-1 million yuan accounts for 36%, the average total price of the set is 740,000 yuan, followed by 0-500,000 yuan accounts for 19%, and the average total price of the set is 390,000 yuan; The total transaction price of more than 4 million is the highest, accounting for 25%.

Villa off-plan units in September 2024: the total price range is 200-3 million, accounting for 40%, and the average total price of the set is 2.57 million yuan, followed by 300-4 million yuan, accounting for 18%, and the average total price of the set is 3.41 million yuan; The total transaction price of 2 million to 3 million yuan is the highest, accounting for 25%; Existing house type: the total price range of 2 million to 3 million accounted for 22%, the average total price of the set was 2.59 million yuan, followed by 3 million to 4 million yuan accounted for 19%, the average total price of the set was 3.54 million yuan; The total transaction price of more than 10 million yuan was the highest, accounting for 41%.

In September 2024, the new apartments were signed and renewed, with a total annual rent of 1.644 billion yuan, 20,282 leased units, and an average price of 81,053 yuan/year, with an average price increase of 1.96% month-on-month and 13.16% year-on-year; The total renewal rent was 1.951 billion d, the number of leased units was 29,951 sets, and the average price was 65,173 d/year, with an average price increase of 2.61% month-on-month and 8.58% year-on-year; The average volume and price of new signings and renewals have risen.

In September 2024, villas were newly signed and renewed, with a total annual rent of 596 million yuan, 2,451 rental units, and an average price of 243153 Di/year, with an average price decrease of 6.35% month-on-month and a year-on-year increase of 10.25%, and a total renewal rent of 672 million Di, 3,465 rental units, and an average price of 194112 Di/year, with an average price increase of 6.40% month-on-month and a year-on-year increase of 19.22%; New signings and renewals are all volume increases.

From January to September 2024, the number of apartment off-plan units transacted exceeded the transaction volume in 2023, and the average transaction price reached a new high; The number of existing units exceeded the number of units transacted in 2022, and the average transaction price also reached a new high. The transaction volume of off-plan villas has been much higher than in previous years, and the average transaction price has also continued to rise, with the transaction volume of existing homes approaching 2022, reaching 63%, and the average price of existing homes reaching a new high.

JVC, Bu Kadra, Dubai Hills Estate, Damac Hills 2, and Emaar South are still hot spots, and developers with brands such as Emaar, Sobha, and Damac are still the mainstream of sales. The price of villas in the off-plan has risen and fallen, and the volume and price of existing houses have risen together, indicating that customers are more optimistic about the value of existing houses; The hotspots for existing houses are still Damac Hills 2, Al Furjan, etc.

The hot spots for new apartment leasing still maintained the top "results", and the renewal hotspots were International City, Dubai Silicon Oasis, and Al Nahda Second; Damac Hills 2 has continued to be the "number one" hotspot for rentals, followed by Mirdif, where villa leasing continues to be maintained. The year-on-year increase in the average annual rent of apartments decreased slightly compared with August, a decrease of about 1.21%; Due to the scarcity value of villas, the hot areas of villas are relatively stable, with 10% of new rents and 19% renewals, and the value of rental income is considerable.

[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 is a new comfort-class residential building developed 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