عربي
РусскийDubai Real Estate Hits Record Sales in October; Top Developers Listed
Dubai Real Estate Sales Surge 13% in Record-Breaking Month, Reports Property Monitor
Dubai's property market set a new record in October 2024, with close to 20,460 sales transactions, as per recent data from Property Monitor. For the first time ever, monthly transactions exceeded 20,000, marking a 13% increase from September. Preliminary insights from Property Monitor’s October report reveal that nearly 73% of these transactions were for off-plan or under-construction properties.
Dubai real estate October 2024
In October 2024, residential properties dominated Dubai’s real estate market, making up nearly 95% of sales with over 19,400 transactions. Zhann Jochinke, Chief Operating Officer at Property Monitor, commented, Following a record-breaking September, Dubai's real estate market achieved yet another high in October. Once again, off-plan and under-construction properties led sales, reflecting strong investor confidence.
'With lowered interest rates, a surge in new projects, and more buyers opting for ownership over renting, Dubai's property market continues its impressive momentum.'
In October 2024, residential properties dominated Dubai’s real estate market, making up nearly 95% of sales with over 19,400 transactions. Zhann Jochinke, Chief Operating Officer at Property Monitor, commented, Following a record-breaking September, Dubai's real estate market achieved yet another high in October. Once again, off-plan and under-construction properties led sales, reflecting strong investor confidence.
'With lowered interest rates, a surge in new projects, and more buyers opting for ownership over renting, Dubai's property market continues its impressive momentum.'
In October, the priciest transaction for a completed property was a villa on Jumeirah Bay, selling for AED 175 million ($48 million). Meanwhile, an off-plan villa on Palm Jumeirah’s western crescent at EOME reached the highest price in its category, selling for AED 170.5 million ($46 million), as reported by Property Monitor.
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