THE REAL ESTATE
TRANSACTIONS – JANUARY 2024
Dubai Real Estate Market Initiates Boom with AED35.41 Billion in January Transactions, as per DLD Statistics
Dubai logs over a total of 11,280 real estate transactions worth AED 35.41 Billion were conducted during the week ending 31st January 2024, according to figures released by the Dubai Land Department (DLD.
Dubai's real estate market, having attracted $100 billion in investments in 2023 and projected to grow by 5% in 2024, remains a top destination for high returns and diversification, bolstered by the UAE's expected 4.5% economic growth.
HIGHLIGHTS - JANUARY 2024
✓ Total Property Sale Transactions – 11,280
✓ Total Sales Value - AED 35.41 B
✓ Units - 9,316
✓ Total Buildings - 728
✓ Total Lands - 1,236
Dubai’s real estate market experienced remarkable growth in 2023, with transactions increasing by over 33.8 percent, reaching a total value of $429.67 billion. The outlook for Dubai’s residential real estate market remains favorable, projecting a significant growth rate of approximately 15 percent by 2024. Investors are attracted to the stable and diverse economy of the United Arab Emirates, with opportunities for capital appreciation and high rental yields of up to 10%. Compared to other major markets like New York and London, Dubai offers competitive prices and attractive profit margins ranging from 5 to 9 percent, making it an appealing destination for investors seeking to optimize returns.
Dubai’s real estate market experienced remarkable growth in 2023, with transactions increasing by over 33.8 percent, reaching a total value of $429.67 billion. The outlook for Dubai’s residential real estate market remains favorable, projecting a significant growth rate of approximately 15 percent by 2024. Investors are attracted to the stable and diverse economy of the United Arab Emirates, with opportunities for capital appreciation and high rental yields of up to 10%. Compared to other major markets like New York and London, Dubai offers competitive prices and attractive profit margins ranging from 5 to 9 percent, making it an appealing destination for investors seeking to optimize returns.
