Key Highlights:
- Significant Transaction Value:
- The total value of real estate transactions reached substantial figures, exceeding AED 51.1 billion.
- This reflects a significant increase compared to February 2024, showcasing strong market momentum.
- Increased Transaction Volumes:
- The number of property transactions also saw a notable rise, with figures reaching over 16,000 transactions.
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- Off-Plan Market Strength:
- The off-plan sector continued to be a major driver, with a large portion of the total transaction value attributed to off-plan sales.
- Off-plan sales values reached in the region of AED 19.73 Billion.
- Off plan sales accounted for a large portion of total sales.
- Ready Market Growth:
- The ready market also saw growth, showing increases in both the number of transactions and the total transaction value.
- Breakdown of property transactions:
- Apartments, villas, and commercial properties all contributed to the overall increase in sales.
- There was a noted increase in demand for furnished properties.
Key Numbers:
- Total Real Estate Sales: Over AED 51.1 billion.
- Total Transactions: Over 16,000.
- Off plan sales values reached in the region of AED 19.73 Billion.
These figures indicate a robust and thriving real estate market in Dubai, with continued strong investor confidence and high demand across various property segments.
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