January 10, 2025

Dhs21 billion revenue gain for Dubai government from real estate sector in 2024

The Government of Dubai has reported a 20.6% increase in real estate revenue in 2024, totaling Dhs20.9 billion (around Dhs1.74 billion per month), up from Dhs16 billion in 2023 (approximately Dhs1.33 billion per month). This growth is partly linked to the introduction of a 4% real estate registration fee on sale and purchase transactions. Between 2021 and 2024, total revenue from property sales reached...

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