The Dubai real estate market has set a new milestone, with AED 61.5 billion ($16.7 billion) in transactions recorded in October, marking a 56% increase over the same period in 2023. This surge in activity represents the highest monthly transaction value ever recorded in the city, supported by 20,670 transactions—a significant 71% increase from October of last year, according to Property Finder.Rising...
Dubai real estate sector sees significant increase in transactions as apartments make up majority of new handovers The Dubai real estate sector recorded more than 47,300 transactions, valued at approximately AED116.8bn ($31.8bn), in Q3, according to Land Sterling.It represented a 42 per cent increase in volume and a 33 per cent rise in value compared to the previous year, the real estate consultancy,...
Continuous surge in the number of professionals from around the world moving to Dubai for work and lifestyle, coupled with the rising property prices in the emirate are cited as reasons for the expected spike in rentals next yearDubai’s real estate market is anticipated to experience organic growth, signalled by rising property values, an increase in new towers, and higher transaction volumes in both...
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