Detailed Analysis of Top Ten Most Lucrative Real Estate Projects Handed Over in Dubai in 2024
Dubai’s real estate market in 2024 continued its robust growth, with transactions reaching 180,900 worth Dhs522.1bn, setting new records for the emirate, as reported by fäm Properties (Dubai real estate smashed records in 2024 – here are the 14 top-performing areas). This marked a 36% increase in sales volumes and a 27% rise in value compared to 2023, driven by new project launches and favorable payment plans attracting foreign investors. The primary market was the standout performer, with first sales rising 30% year-on-year to Dhs334.1bn and transaction volumes up 51% to 119,800. Key factors included residency incentives and visa reforms, bolstering investor confidence and demand for off-plan properties.
Jumeirah Village Circle emerged as the top community for ready-to-move project developments in 2024, with a sales value of 10.9 billion AED and a volume of 9,976, followed by Dubai Marina (30.8 billion AED, 7,678 volume), Business Bay (16.3 billion AED, 7,547 volume), Dubai Creek Harbour (13.5 billion AED, 4,264 volume), and Jumeirah Lakes Tower (6.1 billion AED, 4,080 volume), as noted in Upcoming Off-Plan Projects Handover in Dubai 2024. These figures underscore the high demand and lucrativeness of projects in these areas.
Projects and Completion Dates
The analysis identified ten specific projects handed over in 2024, selected based on their completion dates, locations in top-performing areas, and indications of high sales performance or luxury status. The following table summarizes these projects, their locations, developers, and key details:
| Project Name | Location | Handover Date | Developer | Details |
|---|---|---|---|---|
| One Canal | Dubai Water Canal | Q4 2024 | AHS Properties | Ultra-luxury penthouses, $50 million penthouse sale, high-end amenities. |
| Mama Residences | Business Bay | Q2 2024 | Khamas Group | Chic flats, studio to 2-bedroom, flexible payment plans, top-notch amenities. |
| The Imperial Collection | Downtown Dubai | Q4 2024 | SP International Property Developers | Crown jewel of luxury, starting price AED 19.5 million. |
| The Terraces Marasi Drive | Business Bay | Q3 2024 | KEYMAVEN | Opulent urban living, attractive payment plans, luxury apartments. |
| Emerald Vision Tower | Jumeirah Village Triangle | Q4 2024 | Vision Avenue Homes | Luxurious units, panoramic city views, starting price AED 1 million. |
| Park Lane BY HEILBRONN | Jumeirah Village Circle | Q4 2024 | Seven Tides International | Sold out, exquisite architecture, luxury living. |
| Ciel Tower | Dubai Marina | 2024 | Norr Architects | World’s tallest stand-alone hotel, 82 luxury floors, 365m height. |
| Grand Paradise | Jumeirah Village Circle | August 2024 | Not specified | Modern living spaces, completed August 2024, high sales volume. |
| Binghatti House | Jumeirah Village Circle | June 2024 | Binghatti Properties | High-end finishes, completed June 2024, part of lucrative area. |
| The S Tower | Dubai Internet City | Q4 2024 | Sobha Realty | Striking high-rise, sleek modern aesthetics, starting price AED 5.8 million. |
One Canal – Dubai Water Canal, known for its ultra-luxury penthouses, including a $50 million penthouse sale. Mama Residences – Business Bay, offering chic flats with modern luxury living and flexible payment plans. The Imperial Collection – Downtown Dubai, a crown jewel of luxury with high starting prices. The Terraces Marasi Drive – Business Bay, featuring opulent urban living with attractive payment plans. Emerald Vision Tower – Jumeirah Village Triangle, offering luxurious units with panoramic city views. Park Lane BY HEILBRONN – Jumeirah Village Circle, a sold-out project with exquisite architecture. Ciel Tower – Dubai Marina, the world’s tallest stand-alone hotel with 82 luxury floors. Grand Paradise – Jumeirah Village Circle, completed in August 2024, contributing to high sales volume. Binghatti House – Jumeirah Village Circle, completed in June 2024, known for high-end finishes. The S Tower – Dubai Internet City, a striking high-rise with sleek modern aesthetics and luxury amenities.