The Dubai real estate market experienced a 35% increase in both value and number of transactions from the beginning of 2024 until the end of June, with total transactions worth 344.4 billion dirhams resulting from 101,920 procedures. Business Bay topped the list of areas in terms of sales volume, with a value of AED 14 billion through 5,727 deals. Jumeirah Village Circle came in second place with AED 9.53 billion resulting from 8,309 deals, while Palm Jumeirah was third with AED 9 billion through 855 deals.
The residential property market saw a significant rise in sales, with over 65,000 properties sold. Map properties accounted for the largest share with over 42,000 deals, while ready properties accounted for over 22,000 deals. Buildings/villas recorded over 6,300 sales, and land had around over 8,693 deals. In terms of mortgages and donations, they recorded around AED