The Dubai and Abu Dhabi property markets performed outstandingly well in the third quarter of 2024, setting new records for the number of transactions.
According to Property Finder, Dubai saw a 59% year-on-year increase in transaction volume to 50,439 transactions worth $38bn, of which 37% were for completed properties ($20bn) and the remaining 63% for properties under construction ($18bn).
Abu Dhabi recorded 1,813 transactions worth $1.3bn, of which 59% were sales of completed properties and 41% were under construction.
This data confirms the current positive outlook for property prices in Dubai and the continued growth in demand.
In the following articles we will take a closer look at the specifics of the property market in Dubai and Abu Dhabi, focusing on each emirate separately.
