DUBAI REAL ESTATE MARKET SUMMARY – FEBRUARY 2024 In February 2024, the Dubai Land Department (DLD) reported a total of 12,025 real estate sales transactions in Dubai, amounting to AED 36.7 billion. The transaction volume experienced a 34.0% increase compared to February 2023, there was a notable 34% increase in the overall transaction value during the same period. TOP 5 AREAS BY SALES VALUE ➊ Al Barsha South 4th – AED 1,121 million ➋ Madinat Dubai Almelaheyah – AED 1,938 million ➌ Business Bay – AED 1,935 million ➍ Dubai Marina – AED 1,922 million ➎ Al Merkadh – AED 733 million TOP 5 PROJECTS BY SALES VALUE - Apartments ➊ Bulgari Lighthouse Dubai, Island 2 – AED 140 million ➋ Como Residences, Palm Jumeirah – AED 96 million ➌ Orla Infinity By Omniyat, Palm Jumeirah – AED 73 million ➍ The 118, Burj Khalifa – AED 65 million ➎ Keturah B2, Al Jadaf – AED 50 million TOP 5 AREAS BY SALES VALUE - Villas ➊ MBR City District 1, Phase 1 – AED 65 million ➋ The Beachfront Villas By Ellington, Wadi Al Safa 3 – AED 40 million ➌ Signature Mansions , Jumeirah Golf – AED 39 million ➍ Plagette 32, Al Hebiah Fourth – AED 29 million ➎ Sur La Mer, La Mer – AED 16 million February marks the commencement of the new business season in Dubai, a tradition that extends to various sectors, notably the real estate market. #DubaiRealEstate #FebruaryMarketReport #DubaiProperty #RealEstateTrends #BusinessSeason #PropertyTransactions #InternationalInvestment #MarketAnalysis #TouristInflux #DubaiBusiness #LuxuryLiving #TopAreas #NewSeasonSales #MarketInsights #PropertyInvestment #NewTownRealEstate #FebruaryStats #GlobalInvestors #PropertyValues
