Springfield Properties announces strong growth in Dubai residential market Q2 2024

Springfield Properties, a leading real estate brokerage in Dubai, has released its Q2 2024 report, revealing significant growth and robust performance in Dubai’s residential real estate market. This quarter has seen unprecedented increases in property values and transaction volumes, reflecting heightened investor confidence and sustained demand.

The report details a total transaction value for Q2 2024 of AED 123 billion, representing a 35.70% increase compared to Q2 2023. 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 AED 47.3 billion—a remarkable 39.12% increase from May 2023.