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Dubai Real Estate Sales Break Records

Dubai Real Estate Sales Break Records in 2024

Dubai’s off-plan real estate market has reached unprecedented heights in 2024, with sales climbing to AED 191 billion in the first ten months—a 44.6% increase from AED 132 billion during the same period in 2023. This significant leap highlights Dubai’s growing status as a global real estate hub, attracting investors from across the world thanks to its stable economic environment and proactive government policies. Dubai Real Estate Sales Break Records in 2024.

 

The residential apartment sector drove the majority of this growth, contributing AED 151.5 billion from over 78,700 transactions. Additionally, villas under construction accounted for AED 36 billion, reflecting strong demand for diverse housing options. Among Dubai’s thriving real estate hotspots, Business Bay led with sales of AED 13.4 billion, while Airport City and Jumeirah Village Circle followed closely, each surpassing AED 10 billion. Other areas, including Al Furjan and Downtown Dubai, also played a vital role in propelling the market forward.

Several factors have fueled this rapid expansion. Dubai’s investor-friendly policies, including long-term residency programs and flexible payment plans, have significantly boosted buyer confidence. The city’s focus on large-scale infrastructure projects, coupled with the development of modern residential communities, has attracted both local and international buyers. Additionally, the variety of new developments ensures options for every budget and lifestyle, further solidifying Dubai’s appeal. Dubai real estate sales break records which never breaks before. 

Experts predict that this upward trend will continue, as the city benefits from a robust economic framework and strategic urban planning. Dubai’s real estate sector is expected to remain a cornerstone of the city’s growth, reflecting its global reputation as a premier destination for investment and living. 

 

If you’re interested in exploring real estate opportunities in Dubai, Bosporus Real Estate is here to help. Whether you’re looking to invest in off-plan properties or need expert advice on the market, our team is ready to assist you. For more information or personalized guidance, feel free to contact us today!