Dubai real estate actions recorded 49.03 billion dirhams since the beginning of February

Dubai real estate actions, from the beginning of February until the end of trading today, recorded more than 49.03 billion dirhams, which included sales of a value exceeding 36.38 billion dirhams after the implementation of 11.26 thousand deals.

A monitoring conducted by «Emirates Today», based on the indicators of the Dubai Rest platform of the Dubai Land and Property Department, the “Nakhleh Jebel Ali” area exported the areas in terms of real estate sales during that period of this month, at about 2.53 billion dirhams resulted from the implementation of 115 transactions, followed by “Al -Jafra 1”, with a value of 2.16 billion dirhams, resulting in the implementation of 234 deals, followed by the “city The airport »about 1.93 billion dirhams resulted from the implementation of 206 deals.

According to the data, the total value of the mortgage, during that period of this month, exceeded 9.57 billion dirhams, after the implementation of 32.24 thousand procedures, while the total value of real estate donations amounted to 3.109 billion dirhams after the implementation of 454 transactions.

Dubai real estate sales last January reached the first month of this year approximately 44 billion dirhams, resulting in 14060 deals, a growth of 24.3% and 24.5% in terms of value and number, compared to the same month from 2024, which recorded 35.4 billion dirhams through 11283 deal.

Expectations in 2025

The Deloitte Financial Consulting Corporation expects, according to its annual report issued on Friday, that the real estate market in the Emirate of Dubai will continue during 2025 to enhance its position as a safe investment destination.

The report indicated that this growth is due to the increase in the population by 5%, in addition to registering standard transactions for residential real estate and the remarkable economic expansion witnessed by the city.

According to the report, it is expected that new housing units in Dubai will contribute later in 2025 to the stability of prices in the residential real estate market.

Dubai’s residential real estate market recorded an exceptional growth during the year 2024, as sales prices increased by 20%, while rental values ​​increased by 19%.

The prices of villas continued to outperform the apartments, while the rents across various sectors maintained a fixed upward pace.