Dubai Real Estate Market Records Almost AED123bn in Property Sale Transactions So Far This Year

Dubai real estate was rocking with over 43,000 transactions valued at AED 122.9 billion in the first half of 2024.

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Included are the residential and commercial deals, which reflect broad-based demand across multiple categories.

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Even as villa prices in some high-end localities, such as DAMAC Hills 2, rose sharp, some apartments in affordable locations fell by as much as 18%.

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The mid-range segment, on its part, continued to perform quite strongly, with apartment transactions contributing through varied price increases ranging from 12 percent to 40 percent.

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Dubai’s luxury real estate sector continued its vertical growth pattern, with price increases by 5 percent to 24 percent across most areas.

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The Dubai property market has been the most preferred destination for most investors amidst slow economic times and a rise in interest rates across the world.

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