The total real estate transactions in Dubai for Week 27 reached an impressive AED 7,605,650,143. Off-plan properties accounted 50.63%, while Ready properties contributed 49.37% of the week's total.
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Land transactions in June 2024 was 48.07% of the total transactions. The overall market saw a decrease of approximately AED 4.7 billion from May 2024 to June 2024.
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Last week, the Dubai real estate market witnessed transactions worth AED 4,247,502,132. Off-Plan Properties contributed 66.9% whiles Ready Properties contributed 33.1% to the total.
In Dubai, 270 rentals over Dh1 million annually in the first five months of 2024. Rents for three-bedroom properties surged by 15% year-on-year and 21% from 2023 to 2024.