THE REAL ESTATE TRANSACTIONS – DECEMBER 2024
Dubai Records AED 42.7 Billion in Weekly Real Estate Transactions, Marking a 5% Increase from December Last Year
Dubai logs over a total of 15,130 real estate transactions worth AED 42.7 Billion were conducted during the week ending 31st December 2024, according to figures released by the Dubai Land Department (DLD).
HIGHLIGHTS – DECEMBER 2024
✓ Total Property Sale Transactions – 11,130
✓ Total Sales Value – AED 42.7 B
✓ Apartments – 11,615
✓Villas 2,441
✓Comercials 2,441
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In 2024, Dubai’s real estate market witnessed a remarkable uptick in transactions, with significant growth in both volume and value compared to the previous year. The average price per square foot increased, highlighting strong market confidence. Off-plan sales experienced a sharp rise, while the secondary resale market also showed steady growth. Apartments dominated the market, followed by villas, commercial properties, and land plots. By the end of 2024, Dubai’s real estate transactions are expected to achieve a 30% year-on-year growth, as the sector continues to break records. With its innovation, resilience, and exceptional growth potential, Dubai remains a top choice for investors, setting new benchmarks in the global real estate landscape.
In 2024, Dubai’s real estate market witnessed a remarkable uptick in transactions, with significant growth in both volume and value compared to the previous year. The average price per square foot increased, highlighting strong market confidence. Off-plan sales experienced a sharp rise, while the secondary resale market also showed steady growth. Apartments dominated the market, followed by villas, commercial properties, and land plots. By the end of 2024, Dubai’s real estate transactions are expected to achieve a 30% year-on-year growth, as the sector continues to break records. With its innovation, resilience, and exceptional growth potential, Dubai remains a top choice for investors, setting new benchmarks in the global real estate landscape.
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