Dubai Real Estate Market Surges with 35% Growth in Transactions and Value in the First Six Months of 2024
The Dubai real estate market experienced a significant increase in transactions during the first six months of 2024, with a total value of 344.4 billion dirhams and over 101,920 procedures. This represented an impressive growth of 35% in terms of value and number compared to the same period last year. Business Bay was the top area for sales volume, with a value of AED 14 billion resulting from 5,727 deals. Jumeirah Village Circle followed closely behind with AED 9.53 billion through 8,309 deals.
During this period, the sector’s residential properties recorded the highest number of sales, with over 65,250 properties sold across various areas in Dubai. Map properties accounted for the largest share with 42,493 deals, while ready properties accounted for around 22,250 deals. Buildings/villas recorded approximately 6,295 sales, while land reached over 8,693 deals.
In terms of mortgages and donations, the Dubai real estate market recorded about AED
