THE REAL ESTATE TRANSACTIONS – July 2024
July 2024 witnessed over 16,489 real estate deals in Dubai, amounting to AED 50.93 billion
Dubai recorded over 16,489 real estate transactions worth AED 50.93 billion during the week ending July 31, 2024, according to figures from the Dubai Land Department (DLD).
HIGHLIGHTS – JULY 2024
✓ Total Property Sale Transactions – 16,489
✓ Total Sales Value – AED 50.93 B
✓ Units – 13,174
✓ Total Buildings – 1,480
✓ Total Lands – 1,835
TOP 5 PERFORMING REGIONS IN JULY 2024
▪️ Jumeirah Village Circle (JVC)
▪️ Hadaeq Sheikh Mohammed Bin Rashid
▪️ Business Bay
▪️ Dubai Creek Harbour
▪️ Marsa Dubai
The UAE’s real estate sector experienced strong growth in H1 2024, fueled by economic stability and new developments. Dubai was at the forefront, launching over 12 new projects from Emaar, Deyaar, and Dubai Investments, including the expansion of The Dubai Mall. The city completed 6,600 new residential units, with 20,000 more expected by year-end. Real estate transactions in Dubai hit AED 346 billion ($94.2 billion), marking a 23% year-on-year increase and attracting around 50,000 new investors.
The UAE’s real estate sector experienced strong growth in H1 2024, fueled by economic stability and new developments. Dubai was at the forefront, launching over 12 new projects from Emaar, Deyaar, and Dubai Investments, including the expansion of The Dubai Mall. The city completed 6,600 new residential units, with 20,000 more expected by year-end. Real estate transactions in Dubai hit AED 346 billion ($94.2 billion), marking a 23% year-on-year increase and attracting around 50,000 new investors.
