Dubai’s commercial real estate sales in the first half of 2024 amounted to AED 42.4 billion, resulting from 5,767 transactions involving land and commercial units, according to Engel & Völkers data. The number of commercial land sales transactions reached 1,191 transactions worth AED 27.3 billion, equivalent to 64.4% of the total value, while commercial unit transactions amounted to 4,576 sales worth AED 15.1 billion (35.6%).
Engel & Völkers recently revealed, in a report published by Al Khaleej, that the real estate sector in Dubai achieved a significant increase in residential unit sales during the first half of 2024, with an increase of 31% compared to the same period in 2023, reaching AED 227 billion resulting from 77,233 transactions. It is worth noting that the real estate market transactions in the emirate reached about AED 345 billion during the 6 months of this year, resulting from 102,200 transactions, including sales of AED 233.3 billion (80,470 transactions), mortgages of AED 90.4 billion (17,840 procedures), and donations of AED 21 billion (3,890 transactions).