In May 2024, additional deal records are being established with further potential for growth.
May 2024’s volumes and value were boosted by sustained demand for offplan sales in Dubai. As the city readies to take in more high netwroth residents, there is plenty more of pricing action on the horizon
Investor demand for UAE real estate surged dramatically in May, with Dubai property market breaking records yet again. The city recorded its highest-ever number and value of transactions.
Year-over-year, transaction volumes skyrocketed by 53%, totaling 17,713 deals. Additionally, the total value of these transactions surged by 38%, reaching an impressive Dh46.5 billion. May witnessed unprecedented highs in the offplan market, with 11,107 transactions valued at Dh22.7 billion.
