Strong off plan market leads growth the first half of 2024
As mortgage rates increased steadily during the last couple of years, the off plan apartments that were launched by the sheer mass of developers in Dubai became the driving factor behind the growth of this years first half. With over 62,700 transactions until the end of June, we saw 35,64% increase compared to 2023 while the sales value went up by 27,76%. Overall a sales value of 118,1 Billion AED has been transferred in the trustee offices of Dubai since beginning of the year.
Experts expect to see the market steadily growing as Dubai never settled for anything less than the best.
