THE REAL ESTATE TRANSACTIONS – OCTOBER 2024
Dubai Property Market Records 20,666 Transactions in October 2024, Worth AED 61.5 Billion
Dubai recorded over 20,666 real estate transactions worth AED 61.50 billion during the week ending oCTOBER 31, 2024, according to figures from the Dubai Land Department (DLD).
HIGHLIGHTS – OCTOBER 2024
✓ Total Property Sale Transactions – 20,666
✓ Total Sales Value – AED 61.50 B
✓ Off-Plan Units – 13,531
✓ Ready Units – 7,135
The Dubai Real Estate Strategy 2033 highlights the sector’s resilience, with over 163,000 transactions totaling AED544 billion ($151 billion) in the first nine months of 2024. Investments surpassed AED376 billion ($102 billion), bolstered by strong infrastructure and regulations. Despite record growth, property speculation remains below 20 percent.Launched by the Dubai Land Department, the strategy aligns with Sheikh Mohammed bin Rashid Al Maktoum’s vision to position Dubai as a global leader in real estate. Goals include doubling GDP contribution, raising home ownership to 33 percent, and expanding the market to AED1 trillion ($272 billion).
The Dubai Real Estate Strategy 2033 highlights the sector’s resilience, with over 163,000 transactions totaling AED544 billion ($151 billion) in the first nine months of 2024. Investments surpassed AED376 billion ($102 billion), bolstered by strong infrastructure and regulations. Despite record growth, property speculation remains below 20 percent. Launched by Dubai Land Department’s Marwan Ahmed bin Ghalita, the strategy aligns with Sheikh Mohammed bin Rashid Al Maktoum’s vision to make Dubai a global real estate leader. Goals include doubling GDP contribution, raising home ownership to 33 percent, and expanding the market to AED1 trillion ($272 billion).
RELATED NEWS
