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THE REAL ESTATE  TRANSACTIONS – May 2024

Dubai Real Estate Transactions for May 2024: Over 17,527 Deals Worth AED 45.79 Billion Recorded

Dubai logs over a total of 17,527 real estate transactions worth AED 45.79 Billion were conducted during the week ending 31st May 2024, according to figures released by the Dubai Land Department (DLD).

HIGHLIGHTS – APRIL 2024
✓ Total Property Sale Transactions – 17,527
✓ Total Sales Value – AED 45.79 B
✓ Units – 14,435
✓ Total Buildings – 1,594
✓ Total Lands – 1,498

TOP 5 PERFORMING REGIONS IN MAY 2024
▪️ Jumeirah Village Circle (JVC)
▪️ Al Merkadh
▪️ Business Bay
▪️ Sobha One
▪️ Dubai Hills Estate
Dubai Real Estate Transaction

The UAE real estate market is projected to reach AED 2.6 trillion by 2024, driven by high demand from high-net-worth individuals (HNWIs) for luxury properties, particularly in Dubai. In the first quarter of 2024, Dubai sold 105 luxury homes, edging closer to last year’s record of 431 transactions worth over $10 million, with a continued influx of wealthy individuals expected to boost the market further. This surge in high-end real estate transactions underscores Dubai’s status as a global hub for luxury living. Additionally, government initiatives and investor-friendly policies are further catalyzing growth in this vibrant market.

The UAE real estate market is projected to reach AED 2.6 trillion by 2024, driven by high demand from high-net-worth individuals (HNWIs) for luxury properties, particularly in Dubai. In the first quarter of 2024, Dubai sold 105 luxury homes, edging closer to last year’s record of 431 transactions worth over $10 million, with a continued influx of wealthy individuals expected to boost the market further. This surge in high-end real estate transactions underscores Dubai’s status as a global hub for luxury living. Additionally, government initiatives and investor-friendly policies are further catalyzing growth in this vibrant market.

Dubai Real Estate Transaction

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