Dubai’s real estate market has hit a historic milestone, surpassing AED100 billion ($27.2 billion) in property sales faster than ever before. By March 4, 2024, real estate transactions reached this record-breaking figure, well ahead of last year’s benchmark on April 11. The first two months of 2024 alone saw AED94.8 billion ($25.8 billion) in sales across 30,000+ property transactions, marking a 32% year-on-year growth, according to the Dubai Land Department (DLD).
Market experts anticipate record-breaking Dubai property sales during Ramadan 2024, following last year’s AED36 billion ($9.8 billion) in transactions. The continued rise in Dubai’s real estate market is fueled by economic growth, high foreign investment, and attractive residency options, making the emirate a global hub for luxury real estate investment.
With world-class infrastructure, a robust regulatory framework, and long-term capital appreciation, Dubai remains a top destination for investors and high-net-worth individuals.
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