Lake Home Holiday Homes confirmed that Dubai real estate markets continued to soar during the first quarter through an exceptional rise in the number of real estate transactions, as highlighted by the latest real estate market analyzes issued by the Dubai Land Department, as the first three months of the year witnessed more than 36,000 real estate deal transactions, which represents a significant increase of 17.5% compared to the same period in 2023, and places this quarter as the second highest rate in terms of real estate activity ever.
Saeed Al Zubaidi, CEO of Like Home Holiday Homes, said: “These numbers not only highlight the resilience of Dubai’s real estate market, but also highlight the growing confidence among investors.”
He added: “The strong performance of the market is a testament to the maturity of the market and the increasing attractiveness of Dubai as a leading global destination for real estate investments.” The data reveals a clear shift towards ready-to-move-in properties, which accounted for approximately 19,600 transactions and 54% of the market share.
He pointed out that the significant growth in existing real estate deals, which witnessed a 30% increase in volume and 46% in value compared to last year, confirms the demand for high-quality ready properties among investors, and also highlights the promising potential of holiday homes in the market, supported by strong deal data.
He added: “The strong demand for ready-to-move-in properties, especially in the luxury real estate sector, represents a great opportunity for holiday homes, as investors are increasingly attracted to the holiday home market in Dubai, given the high rental returns and the city’s position as a leading tourist destination.”
He said: “This trend is supported by our recent results indicating the presence of a growing segment of global investors who are not only looking for high investment returns, but also to experience a distinctive lifestyle within the modern and flexible environment in Dubai.”