Palm Jumeirah and Palm Jebel Ali attract investors as Dubai’s luxury real estate sector reaches record highs Dubai’s luxury residential real estate market set a new benchmark in 2024, achieving a record number of $10m+ home sales, according to Knight Frank’s latest analysis. The city recorded 435 sales above $10m, surpassing the 434 transactions registered in 2023, further solidifying its...
The Dubai real estate sector saw AED13.65bn ($3.7bn) in transactions last week, as reported by the Land Department. Sales transactions accounted for the majority, totaling AED9.98bn ($2.7bn), according to the data. Between January 27 and January 31, 3,344 sales transactions were recorded. Among the top transactions listed on the Land Department website were: An office in the Burj Khalifa,...
Dubai’s office segment played a pivotal role in driving growth, with 2,972 office sales transactions totaling AED 6.5 billion. Dubai’s commercial real estate sector recorded 9,038 sales transactions in 2024, marking a 24% year-on-year (YoY) increase, according to an industry report. The total transaction value surged to AED 90.1 billion ($24.5 billion), reflecting an 11% YoY rise, as reported by...
Dubai’s residential real estate market had an outstanding year in 2024, fueled by robust investor confidence and heightened demand for premium properties. As per the latest report from Savills Middle East, the sector saw unprecedented transaction volumes, marking a 47% year-on-year increase, signaling the emirate’s growing appeal to high-net-worth individuals and international investors. This...
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