Dubai real estate market's strong growth in 2024

In the second quarter of 2024, Dubai’s real estate market significantly increased across residential, office, retail, and hospitality sectors. According to the latest market report, for the second quarter of 2024, there were 40,584 real estate transactions worth AED 104 billion. It is a 49% increase compared to the same period last year. Haider Tuaima, the director and head of Real Estate Research in ValuStrat stated: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4% quarterly and 28.2% annually, reaching 178.2 points.” The prime properties’ price rises 6.5% quart...