According to data from Property Finder, approximately 60% of property buyers in the month were interested in purchasing apartments, while 40% expressed intent to acquire villas or townhouses.

In the rental market, approximately 82% of tenants were searching for apartments, while 18% were looking for villas or townhouses.

The significant increase in Dubai's real estate transaction volume can partly be attributed to the strong demand for residential units, particularly apartments.

Property Finder's report indicated that around 67.5% of those interested in buying apartments preferred furnished properties, while 30.9% opted for unfurnished ones, underscoring the popularity of apartments in the Dubai market.

As of October, Dubai recorded a total of 7,128 real estate transactions with a combined value of 29.7 billion dirhams, marking a 17.46% increase compared to the same period last year. This growth reflects the vibrancy of the real estate market and investors' enthusiasm.

Simultaneously, the sales volume of existing properties reached 5,602 units, marking a 36.8% increase compared to the same period last year. The total value of existing properties also surged by 81%, reaching approximately 25.7 billion dirhams, setting a record for the highest transaction value in the month of October in the past decade.

Preferred locations for apartment buyers in Dubai include Dubai Marina, Downtown Dubai, Jumeirah Village Circle, Business Bay, and Palm Jumeirah. For buyers interested in villas or townhouses, the most sought-after areas are Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Al Furjan, and Mohammed Bin Rashid City.

Despite a slight slowdown in the activity level of Dubai's residential market in September 2023, the sales volume in the secondary market increased by approximately one-third. This indicates that, amid the unexpected market contraction, there is still notable interest in purchasing pre-owned properties.