Dubai real estate sales 2024 achieve a growth of 25%

Real estate sales growth in Dubai has continued since the beginning of this year until yesterday, Tuesday, by 25% year-on-year.

Real estate sales in the Emirate of Dubai recorded about 150 billion dirhams during 100 days, resulting from 51,913 transactions, compared to 120 billion dirhams in 2023 resulting from 41,304 transactions.

This value represents about 37.5 percent of the sales recorded during the entire year of 2023, which exceeded 400 billion dirhams, according to data from the Dubai Land Department.

The numbers recorded since the beginning of this year until now surpass the figures of 2023, which was historic by all standards.

The sales transactions were distributed over 5,332 plots of land, 42,827 residential units, and 3,754 buildings.

The Business Bay area topped in terms of sales value with 7.8 billion dirhams resulting from 3,696 transactions, followed by the Jumeirah Village Circle area with 6,125 transactions worth 6.8 billion dirhams.

In third place came the Palm Jumeirah area with 574 transactions worth 6.5 billion dirhams, fourth was the Burj Khalifa area with 1,524 transactions worth 5.9 billion dirhams, and fifth was the Za'abeel First area with 1,596 transactions worth 5.12 billion dirhams.

Meanwhile, the total transactions in the Dubai real estate market recorded 228.5 billion dirhams resulting from 64.8 thousand transactions, with sales recording 150.6 billion dirhams, mortgages 64.9 billion dirhams, and gifts more than 13 billion dirhams.

Edited by: Emtelak Real Estate©