Dubai's real estate market achieved a record-breaking quarterly performance with total transactions reaching 251 billion dirhams, marking the best quarterly result in the market's history. Key segments showed significant growth: property sales increased by 23% to 176 billion dirhams, mortgage loans surged by 46% to 59.7 billion, and property donations rose by 60.5% to 15.4 billion. The total number of registered deals rose by 6% to 61,578. Among Dubai's key areas, the Dubai Islands led in apartment sales with a volume of 4.1 billion dirhams. The Al Yalayis 1 and Al Masaar 2 projects recorded the highest activity in the building and land segments. The total trading volume for March amounted to 56 billion dirhams, while transactions involving developers reached 81 billion dirhams.
Record Quarter for Dubai's Real Estate Market
Dubai sets a new real estate record with 251 billion dirhams in quarterly transactions. Sales, mortgages, and donations show double-digit growth, indicating a strong sector recovery.