Overview of Property Transactions
Spotlight on the Off-Plan Property Market
Top 5 neighborhoods by transaction value in the off-plan market in June 2024:
The Ready Properties Market
Conclusion
We’re delighted to share the outstanding results of Dubai’s property market for June 2024. Let’s take a look together at the key figures and standout trends from this exceptional month. In this article, we take a close look at the key numbers for the month, drawing on data provided by the Dubai Land Department and DXBInteract.
Overview of Property Transactions
In June 2024, the total value of property transactions in Dubai reached AED 57,301,033,080, marking a notable increase compared with June 2023.
Despite this year-on-year increase, there was a slight decrease of AED 4.7 billion compared with May 2024.
Spotlight on the Off-Plan Property Market
Off-plan transactions totaled AED 16,720,457,471 in June 2024, representing 29.18% of total transaction value. Compared with June 2023, this segment also showed an increase.
Apartments continue to dominate this segment, accounting for 80.62% of total off-plan transaction value.
Top 5 neighborhoods by transaction value in the off-plan market in June 2024:
The Ready Properties Market
Ready-property transactions reached a value of AED 13,038,833,132 in June 2024, an increase compared with the previous year.
Apartments also dominate this segment, underscoring steady demand for move-in-ready properties.
Conclusion
Dubai’s property market in June 2024 shows positive momentum, with significant investment across various property types. Compared with June 2023, transactions rose substantially, despite a slight dip from May 2024. These trends indicate that Dubai continues to attract buyers and investors, cementing its position as a preferred destination for real estate investment worldwide.
Read also:
Average rental prices in Dubai by neighborhood
Luxury villa price ranges in Dubai by neighborhood
Key Figures in Dubai’s Property Market: July 2024 Analysis
Retiring in Dubai: 0% Tax and the 5-Year Visa
Also on Madely Properties
Emirates Hills: Dubai’s “Beverly Hills”
Sports City: Affordable Real Estate Investment
Do Rents in Dubai Vary by Season?
