In the first half of 2024, the Dubai real estate market recorded a total of 344.4 billion dirhams in transactions, up from the previous period by 35%, with a total of 101,920 procedures. The growth was evident in both value and number of transactions.
According to data from the emirate’s Land and Property Department, Business Bay topped the list of areas in terms of sales volume, with a value of AED 14 billion resulting from 5,727 deals. Jumeirah Village Circle came in second place with AED 9.53 billion through 8,309 deals, followed by Palm Jumeirah in third place with AED 9 billion through 855 deals.
The number of residential units sold reached 65,250 properties, with map properties accounting for the largest share at 42,493 deals while ready properties accounted for 22,250 deals. Buildings/villas recorded a total of 6,295 sales, with map properties accounting for 4,014 deals and ready properties accounting for 2,279 deals. As for land sales, there were a total of 8,693 deals.
In terms of mortgages and donations, they amounted to about AED 90.4 billion and AED
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