As we bid farewell to 2024, the Dubai real estate market has wrapped up the year with a remarkable performance, recording AED 21.99 billion ($6 billion) in transactions during the final week of the year. The data from the Dubai Land Department highlights a strong end to the year, with a total of 3,345 property sales and AED 12.85 billion ($3.4 billion) worth of mortgage transactions.
This impressive figure signals continued robust demand in Dubai’s property sector, with both investors and homeowners showing confidence in the market. The last week of 2024 saw a diversified range of transactions, further underlining Dubai’s appeal as a global investment hub. The mortgage market, in particular, remains a strong driving force, with billions being committed to financing property acquisitions, reflecting positive sentiment among buyers.
The real estate market’s solid performance is reflective of Dubai's resilience and its position as a leader in the global real estate landscape. As we transition into 2025, these figures provide an optimistic outlook for the coming year. The Dubai property market has shown consistency, attracting both local and international investors. The strong demand across residential, commercial, and luxury segments is a testament to the city’s growing appeal and its status as a prime destination for real estate investment.
As we step into 2025, the Dubai real estate sector stands poised for another year of growth and opportunity, making it a key market to watch in the coming months. The closing numbers of 2024 offer a strong foundation for continued success, as Dubai remains a beacon for real estate investment in the Middle East and beyond.
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