In the first half of 2024, the Dubai real estate market recorded a whopping 344.4 billion dirhams in transactions, resulting from 101,920 procedures. This represents a growth of 35% in terms of value and number compared to the same period last year. The Land and Property Department data showed that sales in the emirate during this period achieved 233.2 billion dirhams through 80,230 deals, with a growth of 30% and 32.8% in terms of value and number, respectively.
Business Bay topped the list of areas in terms of sales volume, with a value of AED 14 billion through 5,727 deals. Jumeirah Village Circle came in second place with AED 9.53 billion resulting from 8,309 deals. Palm Jumeirah came third with AED 9 billion through 855 deals. Sales of Burj Khalifa reached AED