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How did it go for Dubai Real Estate 2024?
Manage episode 459520678 series 2279980
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The 2024 Dubai real estate market analysis reveals a robust AED 665.4 billion transaction volume, a 20% increase from 2023. Strong growth was seen across all sectors: off-plan properties (AED 229.26 billion), led by flats; ready properties (AED 164.80 billion), with flats and hotel apartments prominent; and land transactions (AED 271.34 billion), reflecting significant infrastructure investment. This surge is attributed to post-pandemic economic recovery, government incentives, and Dubai's appeal as a global hub. The report concludes with a positive outlook for continued market growth.
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