Dubai's real estate market exhibited strong performance in the second quarter of 2024, achieving record-breaking transaction volumes and rising prices across both sales and rental sectors.
According to the latest market report from Betterhomes, Dubai recorded 40,584 property transactions worth AED 104 billion in Q2 2024, representing a 49% increase compared to the same period last year.
The report highlighted that this significant growth reflects increasing confidence in Dubai's real estate market, with continued investment inflows and new projects attracting buyers and investors from around the world. It also noted that the higher prices reflect increased demand for luxury and modern properties in the city's prime areas.
Regarding the rental market, the report also showed a rise in prices due to the growing demand for residential and commercial properties. Dubai continues to strengthen its position as a leading investment destination, with factors such as security, economic stability, and quality of life playing a key role in attracting more investors.
In summary, the robust performance of Dubai's real estate market in the second quarter of 2024 indicates continued positive momentum and sustainable growth, enhancing Dubai's appeal as a global real estate investment hub.
All Content Copyright 2023
