Dubai’s real estate transactions surge 35.7 percent to $33.5 billion in Q2 2024: Report

Property transaction value in Dubai for Q2 2024 hit AED123 billion ($33.48 billion), a 35.70 percent increase compared to Q2 2024, according to the Q2 2024 report by Dubai-based real estate brokerage firm Springfield Properties.

The total transaction volume also saw a substantial rise, with 48,220 transactions recorded, marking a 60.06 percent year-on-year growth. Notably, May 2024 was a standout month, with property values soaring to AED47.3 billion—a remarkable 39.12 percent increase from May 2023.

This quarter has seen unprecedented increases in property values and transaction volumes, reflecting heightened investor confidence and sustained demand.