Dubai’s realty market has achieved a remarkable milestone, with sales hitting AED 100 billion faster than ever before this year. This transaction surge reflects the city’s robust economic recovery and growing demand for property, driven by local as well as international investors.
The record-breaking sales come as the market continues to draw high-net-worth individuals, further cementing Dubai’s status as a global realty hotspot.
Experts anticipate an additional boost in sales. Historically, the Ramadan period has seen increased activity in the real estate sector, with many investors looking to finalize deals before the festivities begin. This trend continues, contributing to an already vibrant realty market.
The recent surge in sales is also attributed to several factors, such as —
- favorable government policies
- a diverse range of property offerings
- competitive pricing
The market has seen a significant increase in transactions, with monthly sales surpassing 20,000 for the first time in history, indicating a strong appetite for real estate investments.
With the momentum building, analysts predict that the Dubai property market will continue to thrive, potentially reaching new heights as the year progresses. The combination of record sales and the anticipated Ramadan boost positions Dubai’s property sector for a successful and prosperous year ahead