Over the past week, Dubai witnessed a notable increase in transaction activity, with a total of 2,224 transactions. This figure represents a significant increase of 47% compared to last week’s number of transactions. The cumulative value of transactions during the week amounted to AED 4.94 billion, reflecting a remarkable increase of 37% in terms of transaction value.
This week’s data points to particularly promising trends in off-plan transactions, which have seen a substantial rebound. In particular, there was a notable 53% increase in the number of off-plan transactions, highlighting the growing interest in this sector. Furthermore, the value of off-plan transactions also saw a substantial increase of 36%, further highlighting the positive momentum in this area.
Overall, these figures collectively reflect a dynamic and progressive week for Dubai’s real estate sector, marked by significant growth in both overall transaction volume and the specific area of off-plan transactions.