Dubai Real Estate Market Soars in Q1 2024 🚀
Dubai's real estate market continues to thrive, recording over 36,000 sales transactions in Q1 2024, marking a 17% YoY increase. Here's a snapshot:
Total Sales Transactions:
🔹 Over 36,000 transactions, a 17% YoY increase
🔹 Transaction values surged to AED 115.6 billion, a 30% YoY rise
Existing Property Market:
🔸 Volume increased by 30%, with 19,600 transactions
🔸 Value rose by 46%, totaling AED 78.2 billion
Off-Plan Market:
🔹 16,600 transactions, a 4% YoY increase
🔹 Worth AED 37.4 billion, a 5% YoY increase
🔹 Off-plan deals account for 46% of total volume and 32% of total value
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