Dubai’s real estate market has already recorded $27bn in sales in just 44 working days. This is the fastest the market has ever achieved this value, according to the Dubai-based real estate brokerage W Capital.
The assessment was based on data from the Dubai Land Department which shows that the same value was only reached on March 22 in 2024 and on April 11 back in 2023 which highlights the rapid pace of the current year’s market performance.
This surge in sales is expected to continue, with analysts predicting record-breaking figures for real estate transactions during Ramadan beating the $9.8bn figure from last year.
This momentum, which began in 2020, shows no signs of slowing down, further solidifying Dubai's position as a global real estate powerhouse.
Gulf Economist Staff Writer