Dubai Real Estate Property Market in 2024

The volume of real estate transactions with off-plan properties in Dubai increased by 63% year-on-year

According to the Dubai Land Department (DLD)

– From January 1 to December 15, 172,069 property transactions worth $135 billion were completed in the emirate. 

Property deals show 37% volume rose and 29% value increased, compared to the same period in 2023.

– 68,211 transactions worth $76 billion – Existing Properties

– 103,858 transactions worth $59 billion – Off-plan Properties

Compared to the same period in 2023, the volume of transactions:

– Existing Properties – volume rose by 11%, the value increased by 19%

– Off-plan properties – volume rose by 63%, the value increased by 46%