Dubai Real Estate Market Report for Q2 2024

Dec 31, 1969

Dubai’s real estate market maintained its momentum into the second quarter of 2024, with property transactions reaching an impressive AED 100 billion by the end of June. This represents a 28% increase from the same period in 2023, highlighting the continued demand for both residential and commercial properties in the emirate. The luxury segment, particularly in areas like Dubai Marina, Downtown Dubai, and Palm Jumeirah, has been a significant driver of this growth.

International investors have played a crucial role in this surge, drawn by Dubai’s stable economy, strategic location, and attractive real estate offerings. The government’s recent initiatives to ease visa regulations and promote long-term residency for investors have further boosted confidence in the market. As a result, the first half of 2024 saw a noticeable increase in foreign investment, particularly from Europe and Asia.

Dubai’s real estate market maintained its momentum into the second quarter of 2024, with property transactions reaching an impressive AED 100 billion by the end of June. This represents a 28% increase from the same period in 2023, highlighting the continued demand for both residential and commercial properties in the emirate. The luxury segment, particularly in areas like Dubai Marina, Downtown Dubai, and Palm Jumeirah, has been a significant driver of this growth.