
17/12/2024
The Volume of Real Estate Transactions with Off-Plan Properties in Dubai Increased by 63% Year-on-Year*l
According to the Dubai Land Department (DLD):
172,069 property transactions worth $135 billion were completed (Jan 1 - Dec 15).
Overall growth: +37% volume and +29% value vs. 2023.
Transaction Breakdown:
Existing Properties: 68,211 deals, $76 billion (+11% volume, +19% value).
Off-Plan Properties: 103,858 deals, $59 billion (+63% volume, +46% value).
Highlight:
DAMAC Properties sold $2.7 billion worth of units in 10 hours at DAMAC Islands (3,100 units across 6 clusters: Maldives, Bora Bora, Seychelles, Hawaii, Bali, and Fiji).
Sources: Dubai Land Department, Khaleej Times.