The Dubai real estate market is moving fast over last years, today we have a look back on the numbers and results of the first half of 2024.
Key Figures and Results of H1/2024
- 38% Increase in property sales during the first half of 2024 compared to the same period in 2023
- Total Sales value reached AED 123.1 billion (approximately USD 33.5 billion).
- 44,255 transactions recorded during first half of 2024
- 23,921 Off Plan units sold
- 20,334 Ready Properties sold
📈 Dubai’s Real Estate Boom Continues!
In the first half of 2024, Dubai’s residential property market witnessed an astounding rise, with a significant 41% increase in apartment sales, making up 82% of the total 74,467 transactions.
🏠 Villas and townhouses also showed strong sales, covering 18% of transactions but accounting for 40% of the market value.
🛠️Off-plan sales soared with a 55% increase, highlighting investor confidence and the ever-growing demand.
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Downtown, Dubai🥇Top Areas for Property Sales
Dubai’s real estate boom is notably concentrated in some key areas which show the highest number of transactions.
Dubai Marina leads the pack with an impressive 4,444 transactions, making it the most sought-after location.
Business Bay follows with 3,444 transactions, continuing to attract significant interest due to its strategic position and vibrant business environment.
Downtown Dubai rounds out the top three with 2,444 transactions, reaffirming its status as a prime area for luxury living and investment.
Is the Dubai Real estate Market turning into a Bubble?
Are you concerned by these numbers? We’ve analyzed some fundamental characteristics to understand the bubble risk in Dubai.
To reassure you, Dubai’s market is developing wonderfully and shows a low bubble risk.
For more details, visit the full article.
Sind Immobilien in Dubai eine Blase?
Dubai’s real estate market indicates low bubble risk, with growing population, diversified economy, increasing spending power, and a low UBS Bubble Index score.
