Dubai Real Estate Market Hits Record Sales

In September, Dubai's real estate market saw a record 18,038 transactions worth 2.4 billion dirhams, showcasing remarkable growth. Key areas include Al Ghadir and Burj Khalifa leading the way.


Dubai Real Estate Market Hits Record Sales

In September, 18,038 real estate transactions were registered in Dubai, which marks the highest monthly indicator in history. The total value of sales amounted to 2.4 billion dirhams from 756 transactions. The largest transaction amounted to 226 million dirhams in the Gudiar al-Tair area, where 16 plots of land were sold.

It should be noted that the high-value transactions accounted for 370 million dirhams through 151 transactions, while the Burj Khalifa area executed transactions worth 68 million dirhams through 11 transactions. The second position in the volume of transactions was occupied by the Jumeirah area with a total transaction value of 26 million dirhams.

The study also revealed that the Wadi as-Safa area secured the third position in total sales volume at 182 million dirhams with 29 transactions completed. It is worth mentioning that another transaction worth 165 million dirhams was completed in the Palm Jumeirah.

According to the Dubai Real Estate Agency, the total number of transactions in September amounted to 2.9 billion dirhams from 957 transactions, confirming the stable growth in the Dubai real estate market.