The Dubai real estate market recorded a remarkable growth in the first half of 2024, with total transactions amounting to AED 344.4 billion ($95.7 billion) and 101,920 procedures, resulting in a 35% increase in value and number compared to the same period last year, according to data from the emirate’s Land and Property Department.
The sales sector in Dubai achieved AED 233.2 billion ($65.8 billion) through 80,230 deals during the first six months of the year, representing a 30% increase in value and a 32.8% increase in number compared to the same period last year. Business Bay emerged as the top area for sales volume, with AED 14 billion ($3.7 billion) resulting from 5,727 deals, followed by Jumeirah Village Circle with AED 9.53 billion ($2.6 billion) through 8,309 deals and Palm Jumeirah with AED 9 billion ($2.5 million) through 855 deals.
In terms of residential units sold, a total of 65,250 properties were sold during the first half of the year, with map properties accounting for the largest share at 42,493 deals and ready properties accounting for 22,250 deals. Buildings/villas recorded sales of AED
