Dubai’s property market saw a significant year-on-year growth of 43% in August 2024, with over 11,500 transactions. The city recorded 11,818 real estate transactions last month, a 25 per cent increase in volume compared to 9,450 transactions in August 2022/
This surge is attributed to strong investor demand, a growing luxury segment, and the city’s appeal as a global real estate hub. Off-plan sales were a major driver, accounting for the majority of transactions.
The most commonly searched apartment size for purchase in the city was two-bedroom, accounting for 34 per cent, closely followed by one-bedroom apartments at 33 per cent.
