In November 2024, real estate sold to 40 billion in Dubai

This impressive result is due to a combination of a number of factors, such as high quality life, a variety of market offers and a stable economic situation in the emirate. An increase in interest in real estate was also associated with large events, such as exhibitions and cultural festivals, which attracted the attention of potential buyers from around the world.

An increase in sales also confirms the steady increase in real estate prices in Dubai, which makes it an attractive place for long -term investments. The desire of investors not only from sign countries, but also from Europe, Asia and other regions of the world emphasizes high standards and international status of Dubai as one of the leading cities for doing business and life. As a result of such achievements, the emirate authorities continue to develop new projects and initiatives that make the real estate market even more competitive and attractive.

Thus, November became the landmark month for Dubai, which demonstrated not only current successes, but also significant potential for future growth in real estate. Experts predict that the situation will continue to develop in a positive channel, which will strengthen the position of Dubai in the international arena.

“The overall productivity of the market continues to demonstrate the exceptional force in the fact that it was already a wonderful year for the Dubai Real Estate,” said Firas Al Msiddy, General Director of Fäm Properties. His words emphasize the impressive dynamics in the Dubai real estate market, which in recent months has demonstrated a steady growth indicating a high level of trust from investors and the economic stability of the region. November 2023 became a landmark month, since sales have reached a record over the past five years - 3,800 transactions in the amount of 7.4 billion dirhams, which emphasizes a lively interest in real estate in Dubai.

Particular attention is attracted by chic objects in elite areas, such as the apartment in the Six Senses Residences on Palm Jumeirah, sold for 130 million dirhams, which became the most expensive deal of November. It is important to note popular areas, such as Jumeira -the Derevensky Circle and Dubai Marina, where more than 2000 transactions with a total value of 4.7 billion dirhams were recorded. This emphasizes the high demand for real estate in both new and already mastered areas.

The separation between the primary and secondary market also shows that the developers continue active activity, increasing their sales to 56 percent compared to 44 percent, which indicates a growing interest in new projects. Analysis of price categories shows that real estate within 1-2 million dirhams occupies a significant market share, which makes it available for a wider audience. This trend, along with the general economic stability and attractiveness of Dubai for investors, makes the real estate market in this region truly unique and promising for the future.