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THE REAL ESTATE  TRANSACTIONS – June 2024

June 2024 Sees Over 14,222 Dubai Real Estate Deals Totaling AED 45.94 Billion

Dubai logs over a total of 14,222 real estate transactions worth AED 45.94 Billion were conducted during the week ending 31st May 2024, according to figures released by the Dubai Land Department (DLD).

HIGHLIGHTS – JUNE 2024
✓ Total Property Sale Transactions – 14,222
✓ Total Sales Value – AED 45.94 B
✓ Units – 10,783
✓ Total Buildings – 1,193
✓ Total Lands – 2,246

TOP 5 PERFORMING REGIONS IN JUNE 2024
▪️ Business Bay
▪️ Jumeirah Village Circle (JVC)
▪️ Al Merkadh
▪️ Wadi Al Safa 7
▪️ Marsa Dubai
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The latest Global Wealth and Lifestyle Report highlights that Dubai continues to be a favored destination for affluent individuals and families. The annual report, which evaluated cost-of-living data from 25 major cities worldwide to establish a ranking, found that despite a 4% rise in the average prices of goods and services, Dubai remains relatively affordable for high-net-worth individuals compared to other global cities. This affordability, combined with the city’s luxurious lifestyle, favorable tax policies, and high standard of living, makes Dubai an attractive option for the wealthy looking to relocate or invest in prime real estate.
The latest Global Wealth and Lifestyle Report highlights that Dubai continues to be a favored destination for affluent individuals and families. The annual report, which evaluated cost-of-living data from 25 major cities worldwide to establish a ranking, found that despite a 4% rise in the average prices of goods and services, Dubai remains relatively affordable for high-net-worth individuals compared to other global cities. This affordability, combined with the city’s luxurious lifestyle, favorable tax policies, and high standard of living, makes Dubai an attractive option for the wealthy looking to relocate or invest in prime real estate.
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