Dubai Real Estate Market Review: October 2024

Land transactions in Oct. 2024 was 37.5% of the total transactions. The market saw an increase of approximately AED16.8 billion from Sep 2024 to Oct. 2024, and up AED 20 billion over Oct. 2023.

The Dubai real estate market in October 2024 achieved an impressive total transaction value of AED 74.1 billion, marking a strong performance. This reflects a substantial increase compared to both the previous month (September 2024), which recorded AED 57.2 billion, representing a month-over-month growth of around 29.5%. Compared to October 2023, when the total transaction value stood at AED 53.8 billion, October 2024 shows a year-over-year growth of approximately 37.8%. These figures underscore a robust upward trend in the market, likely driven by heightened demand and investor confidence.