Dubai realty transaction value jumps 35.7pc to $33.5bn in Q2

Property transaction value in Dubai for Q2 2024 hit AED123 billion ($33.5 billion), a 35.70% increase compared to Q2 2023, said Springfield Properties, a leading real estate brokerage in Dubai, in its Q2 2024 report.

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