THE REAL ESTATE TRANSACTIONS – AUGUST 2024
In August 2024, Dubai Recorded Over 16,436 Real Estate Transactions Totaling AED 47.83 Billion
Dubai recorded over 16,436 real estate transactions worth AED 47.83 billion during the week ending August 31, 2024, according to figures from the Dubai Land Department (DLD).
HIGHLIGHTS – AUGUST 2024
✓ Total Property Sale Transactions – 16,436
✓ Total Sales Value – AED 47.83 B
✓ Off-Plan Units – 10,739
✓ Ready Units – 5,697
The Dubai property market achieved a remarkable milestone in the first half of 2024, with total sales surpassing AED 233 billion. This exceptional performance marks the highest capital value growth for the first half of the year in the Middle East, outperforming major global cities such as New York and Singapore. In August, Jumeirah Village Circle remained the leading area with 1,378 property transactions, while the Marina Views project emerged as the best-selling off-plan development, with 425 apartments sold. This growth highlights Dubai’s strengthening position as a key player in the global real estate market.
The Dubai property market achieved a remarkable milestone in the first half of 2024, with total sales surpassing AED 233 billion. This exceptional performance marks the highest capital value growth for the first half of the year in the Middle East, outperforming major global cities such as New York and Singapore. In August, Jumeirah Village Circle remained the leading area with 1,378 property transactions, while the Marina Views project emerged as the best-selling off-plan development, with 425 apartments sold. This growth highlights Dubai’s strengthening position as a key player in the global real estate market.
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