Dubai Real Estate Boom 2024: Anticipating a 20% Surge in Transactions
Dubai’s residential real estate market is poised for remarkable growth in 2024, with an anticipated 20% surge in property transactions and a projected 17% increase in market volume. According to AI-based research by Realiste, the market is expected to reach AED 300 billion (approximately $82 billion) by the end of the year.
In a city where growth knows no bounds, Dubai is set to witness a substantial rise in market activity. The study foresees a 20% increase in transaction numbers and an impressive 17% expansion in market volume compared to 2023. With such robust growth, the AI predicts a minimum 4% rise in the price per square foot throughout the year, propelling Dubai’s housing market to unprecedented heights in 2024.
The research firmly emphasizes that Dubai’s growth shows no signs of slowing down, marking a testament to the city’s thriving real estate landscape. 🚀🏡 #DubaiRealEstate #PropertyBoom2024
