Real Estate Transactions in Dubai Reach Record High of Dh761 Billion

28/01/2025

Real Estate Transactions in Dubai Reach Record High of Dh761

Dubai’s real estate market set a new benchmark in 2024, with a staggering Dh761 billion in total transactions, marking a significant achievement for the city’s property sector. The latest figures show a robust 36% increase in the volume of transactions and a 20% rise in transaction value year over year.

In a remarkable surge, the Dubai Land Department reported an astounding 2.78 million procedures related to rental agreements and real estate transactions. This represents a 17% rise compared to the previous year, underscoring the ongoing strength of the emirate's real estate sector.

This record-setting performance not only highlights Dubai's enduring appeal as a global real estate hub but also reflects growing confidence in the market from both investors and residents. With the value of transactions surpassing Dh761 billion, the city’s property market continues to solidify its position as one of the world’s leading real estate destinations.

Industry experts anticipate that this trend will continue in the coming years, driven by Dubai’s dynamic economy, investor-friendly policies, and a diverse range of residential, commercial, and hospitality developments.

As the Dubai real estate market thrives, it’s clear that 2024 has set a new precedent for future growth, with both transaction volume and value reflecting an optimistic outlook for the market’s continued expansion.

Real Estate Transactions in Dubai Reach Record High of Dh761

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