Springfield Properties’ Announces Unprecedented Growth in Dubai’s Residential Market

Springfield Properties, one of the leading real estate brokerages in Dubai, has just released its Q2 2024 report, expressing superb growth through the city’s residential real estate sector. Noted therein at this instance is an increased value of property values by rising volumes, giving a glimpse of enhanced confidence among investors and continued demand.

The total value of transactions in Q2 2024 reached AED 123 billion, which represents an increase of 35.70% compared to Q2 2023. The transaction volume surged to 48,220 transactions, up by 60.06% YoY. The strongest month was May 2024, with property values reaching AED 47.3 billion—an increase of 39.12% from the same month in the previous year.