Dubai Real Estate Market Sets AED 141.9 Billion All-Time Quarterly Sales Record
Dubai, UAE, 3rd October, 2024: Dubai's real estate market recorded total sales worth AED 141.9 billion in Q3 2024, setting an all-time high for a single quarter. This eclipsed the previous quarterly sales record of AED 124.07 billion in Q2 this year, and represented a 30.1% year-on-year rise in value A market update issued today by fäm Properties reveals there were 50,423 overall sales transactions in Q3, a 37.9% year on year increase in volume and a 16.6% rise on Q2. The 39,058 apartment sales worth AED 70.5 billion represented 77% of the total Q3 transactions, and showed a 43.9% increase in volume on the same period last year. Meanwhile, 8,156 villas sold for AED 39.2 billion, a rise in volume of 16.6% over Q3 2023 and an increase of 18.4% on the previous quarter. Rising property values