Dubai Real Estate Market Records over $9.6 billion in sales

by Amanda Hun on 02/04/2024

Dubai real estate market records over $9.6 billion in sales – January 2024

In January 2024, the Dubai real estate market witnessed a remarkable surge in sales, with a recorded amount of $9.6 billion (AED35.4 billion). This represents a significant increase of 27 percent compared to the previous year, according to a recent report from property portal Property Finder. Data indicates that the market experienced a year-on-year (YoY) growth of 17 percent in recorded sales transactions, surpassing 11,000 compared to 8,712 in January 2023.

Apartments vs villas/townhouses

Among individuals looking to purchase properties, 58 percent expressed their interest in apartments, whereas 42 percent were specifically seeking villas or townhouses. On the other hand, in the rental market, a substantial 80 percent of tenants were found to be in search of apartments, while 20 percent were interested in villas or townhouses.

For more details contact:

info@amd-realestate.com

Mobile: + 971 50 629 5523