Dubai’s real estate market is steadily moving forward, supported by historical data and figures recorded since the beginning of 2024, towards recording a record and historic number of sales approaching the half-trillion dirham barrier (500 billion dirhams) by the end of the year, according to the expectations of the Harbor Real Estate report.
The Harbor Real Estate report relied on real estate market data since the beginning of 2024 with an average exceeding 42 billion dirhams per month, and is on its way to the half-trillion target by the end of the year, as the total value of sales, until the preparation of this report, touched 421 billion dirhams.
The total value of real estate transactions is also moving strongly to approach 700 billion dirhams, including sales, mortgages and donations, which is in line with the directions of the Dubai Strategic Plan for the Real Estate Sector 2033, which was recently adopted by the government to achieve the Dubai Economic Agenda D33 by making it one of the top 3 economic cities in the world, as it aims to raise the percentage of residential ownership in Dubai to 33% for residents in the emirate and double real estate transactions in Dubai to one trillion dirhams.