Dubai Real Estate Market Review 06-Aug-2024
Dubai recorded over 17,000 real estate transactions worth Dh55.5 billion in July 2024. Abu Dhabi’s residential rental contracts surge 102%. Proptech seeks to change land buying in Dubai.
Dubai property deals hit record in July
Dubai recorded over 17,000 real estate transactions worth Dh55.5 billion in July 2024, marking a record-breaking month with a 59% increase in transactions and a 57% rise in value compared to July 2023. Popular areas for ownership and rental included Dubai Marina, Jumeirah Village Circle, and Palm Jumeirah.
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