In 2024, Dubai, the business center of the Gulf, saw a very busy real estate market, with sales surpassing $100 billion.
A recent report from Alkhaleej newspaper states that more than half of these sales were for homes in the first ten months of the year. The total real estate transactions reached about 432 billion UAE dirhams (around $118 billion).
Sales included apartments, villas, and hotel rooms, totaling nearly 277 billion AED (about $75.5 billion). Most of the sales were for apartments, which made up around 222 billion AED (approximately $60.5 billion). Villa sales were 48.3 billion AED ($13.1 billion), and hotel apartment sales reached about 6.7 billion AED ($1.8 billion).
In summary, Dubai’s real estate market has been thriving in 2024, showing strong activity in home sales and various property types.
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