Since the beginning of February this year and until the end of transactions today, sales with real estate in Dubai have reached over 49.03 billion dirhams. This figure includes sales totaling over 36.38 billion dirhams after 11,260 transactions.
According to the analysis conducted by "Al-Imarat Al-Yom" based on the digital platform "Dubai Reast" of the Land and Real Estate Department in Dubai, the "Palm Jumeirah" area ranked first in terms of the volume of transactions with real estate during the specified period of the month. The total transaction volume reached 2.53 billion dirhams after completing 115 transactions, followed by the "JVT 1" area with a volume of 2.16 billion dirhams after 234 transactions, and then the "Madinat Al-Matar" area with a volume of 1.93 billion dirhams, which resulted from 206 transactions.
According to the presented data, the total volume of mortgage lending during the specified period of the month exceeded 9.57 billion dirhams after completing 32,240 operations, while the total sum of real estate transactions amounted to about 3.109 billion dirhams after 454 transactions.
Sales of real estate in Dubai in January of this year reached about 44 billion dirhams, with 14,060 transactions. This increase constituted 24.3% in volume and 24.5% in the number of transactions compared to January 2024, when transactions were completed for a total sum of 35.4 billion dirhams through 11,283 transactions.
According to the forecast of the financial consulting company Deloitte, according to its annual report, the real estate market in Dubai is expected to continue its growth in 2025, strengthening the position of the sector as a safe investment direction. The report indicates a population growth of 5%, record registration of transactions with residential real estate, and significant economic development that surpasses the population growth.
With the expected launch of new residential units in Dubai later in 2025, it is anticipated that stabilization of prices in the residential real estate market will occur. Real estate in Dubai in 2024 is projected to exclude exceptional growth, where sales prices increased by 20%, and rental prices by 19%.
Prices for villas continue to exceed the prices for apartments, while rental rates in different sectors remain on a sustainable upward trend.
