2024

The Dubai real estate market set a new benchmark in Q3 2024, achieving a record AED 141.9 billion ($38.6 billion) in total sales, marking the highest figure ever recorded for a single quarter. This quarterly performance surpassed the previous record of AED 124.07 billion ($33.8 billion) in Q2, reflecting a 30.1% increase in value compared to the same period last year. A report by fäm Properties...

Dubai's property market has experienced robust growth over the past five years, rising from AED 18.1 billion (8,600 transactions) in Q3 2020 to its current peak. In the third quarter of 2024, the real estate sector reached record-breaking sales of AED 141.9 billion, surpassing the previous high of AED 124.07 billion recorded in Q2. This indicates a 30.1% year-on-year increase in transaction value, as...

Primary sales by developers significantly surpassed re-sales in the secondary market. Dubai’s real estate market achieved total sales of $38 billion in Q3 2024, setting a new record for the highest sales value ever recorded in a single quarter. This surpassed the previous record of $33.47 billion set in Q2 2024, representing a 30.1% increase compared to the same period last year. In a market report...

The third quarter of 2024 saw a decline in the number of luxury property listings in Dubai, as demand continued to exceed supply. In Q3 2024, there were 400 deals recorded in the city’s prime areas, a decrease from 489 in Q3 2023. This trend indicates a drop in the number of homes available for sale throughout the city. Listings in four key luxury areas fell by 52% in Q3 2024 compared to the same...