The Dubai real estate market has experienced significant growth in the first half of 2024, with a total of 344.4 billion dirhams recorded through 101,920 procedures. This marks a 35% increase in both value and number of transactions compared to previous periods. Sales in the emirate alone reached 233.2 billion dirhams from 80,230 deals, showing a 30% growth in value and a 32.8% growth in the number of transactions.
The top areas in terms of sales volume were Business Bay, Jumeirah Village Circle, and Palm Jumeirah. Residential units accounted for a significant portion of the transactions, with map properties leading the way at 42,493 deals. Mortgages totaled 90.4 billion dirhams, with the highest value coming from the “Harrison” area. Donations also played a role in the market, amounting to 21 billion dirhams.
In addition to these traditional forms of transactions, the second quarter of
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