THE REAL ESTATE TRANSACTIONS – SEPTEMBER 2024
Dubai Property Market Sees 17,502 Real Estate Transactions in September 2024, Valued at AED 43.57 Billion
Dubai recorded over 17,502 real estate transactions worth AED 43.57 billion during the week ending September 30, 2024, according to figures from the Dubai Land Department (DLD).
HIGHLIGHTS – SEPTEMBER 2024
✓ Total Property Sale Transactions – 17,502
✓ Total Sales Value – AED 43.57 B
✓ Off-Plan Units – 11,276
✓ Ready Units – 6,226
In Q3 2024, the Dubai property market achieved over AED 140 billion in sales, a 28% rise compared to Q3 2023. This growth was fueled by increasing affordability, which boosted overall demand. Total transactions saw a 42% increase, with apartment sales jumping 48%, accounting for 80% of all sales. Villas and townhouses represented 20% of the transactions, yet contributed a significant 42% of the total sales value. The surge in property activity highlights the market’s strong performance in the third quarter.
In Q3 2024, the Dubai property market achieved over AED 140 billion in sales, a 28% rise compared to Q3 2023. This growth was fueled by increasing affordability, which boosted overall demand. Total transactions saw a 42% increase, with apartment sales jumping 48%, accounting for 80% of all sales. Villas and townhouses represented 20% of the transactions, yet contributed a significant 42% of the total sales value. The surge in property activity highlights the market’s strong performance in the third quarter.
