Dubai’s real estate market reached new heights in June 2024, shattering records for both transaction volume and value. According to industry reports, the city witnessed a phenomenal increase in activity compared to June 2023.
Key Highlights:
Transaction Surge: The number of property transactions skyrocketed, with figures ranging from 10,419 to 14,370, representing a significant year-on-year growth of 17.78% to 37.4%.
Value Boom: The total value of these transactions mirrored the surge, reaching impressive figures between AED 30.41 billion and AED 46.4 billion, reflecting a remarkable increase of 34.1% to 52.3% compared to the previous year.
Investor Hotspots: Prime locations like Dubai Marina, Palm Jumeirah, and Dubai Creek Harbour continued to be major draws, attracting significant investor interest due to their luxurious properties and high demand.
Best Performing Areas in June 2024
| Areas | Count | Value AED |
| Business Bay | 1176 | AED 3.093 |
| Jumeirah Village Circle | 1028 | AED 993M |
| Al Merkadh | 935 | AED 962M |
| Wadi Al Safa 7 | 580 | AED 4,076M |
| Marsa Dubai | 599 | AED 2,033M |
Most Sold Ready Apartments in June 2024
| Projects | Count | Value AED |
| Remraam | 36 | 27.4M |
| Lakeside | 32 | 10.8M |
| Downtown Views Ii | 31 | 117.8M |
| Topaz Avenue | 30 | 42.7M |
| Upside Living | 27 | 39.7M |
Most Sold Ready Villas in June 2024
| Projects | Count | Value AED |
| Nad Al Sheba Gardens Phase 4 | 87 | 1.3B |
| La Rosa 5 | 26 | 71.3M |
| The Fields At D11 – Mbrmc | 19 | 49.8M |
| Reem Townhouses | 13 | 34.3M |
| Cherrywoods | 12 | 37.2M |
Most Sold OFF Plan Apartments in June 2024
| Projects | Count | Value AED |
| Bayz 101 By Danube | 305 | 662.5M |
| Sobha One | 280 | 644.8M |
| Cove Living Residence By Imtiaz | 231 | 176.4M |
| Valo | 204 | 494.3M |
| Skyhills Residences | 221 | 233.8M |
Most Sold OFF Plan Villas in June 2024
| Projects | Count | Value AED |
| Haven By Aldar 1 | 162 | 653.3M |
| The Acres | 137 | 1B |
| Greenway | 113 | 421.6M |
| Nad Al Sheba Gardens Phase 4 | 84 | 384.6M |
| South Bay 5 Premium | 80 | 297.5M |
Analysts predict a bright future for Dubai’s real estate market. The city’s strategic development plans and its status as a global luxury destination are expected to maintain strong investor interest and fuel further growth. Forecasts suggest total sales in 2024 could reach AED 300 billion, solidifying the positive trends observed in the first half of the year.
