As reported by Property Finder, approximately 60% of buyers last month were looking to purchase an apartment, while approximately 40% were interested in villas or townhouses.

In the rental market, about 82% of tenants were searching for apartments, while 18% were looking for villas or townhouses. For those looking to rent apartments, 67.5% preferred furnished properties, while 30.9% opted for unfurnished ones.

Data from Dubai's real estate portal shows that the real estate transaction volume in October this year was 7,128 transactions, valued at 29.7 billion dirhams, an increase of 17.46% compared to the same month last year.

Preferred locations for apartment buyers include Dubai Marina, Downtown, Jumeirah Village Circle, Business Bay, and Palm Jumeirah, while buyers looking for villas or townhouses tend to prefer Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Al Furjan, and Mohammed Bin Rashid City.

Property Finder also noted that the current sales volume of existing properties in Dubai has reached 5,602 units, representing a year-on-year increase of 36.8%. The value of existing properties has also surged by 81%, reaching approximately 25.7 billion dirhams, marking the highest transaction volume in the past decade in the sector.

However, a report from CBRE, Savills indicates that the activity levels in the Dubai residential market have been somewhat subdued due to the contraction of the off-plan market.

Nevertheless, sales in the secondary market have increased by about one-third, demonstrating that people still maintain a high level of interest in mature property projects.