{"id":99267,"date":"2024-12-30T00:00:00","date_gmt":"2024-12-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-property-sales-to-hit-aed-520-bn-in-2024-w-capital\/"},"modified":"2024-12-30T00:00:00","modified_gmt":"2024-12-30T00:00:00","slug":"dubai-property-sales-to-hit-aed-520-bn-in-2024-w-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/12\/30\/dubai-property-sales-to-hit-aed-520-bn-in-2024-w-capital\/","title":{"rendered":"Dubai property sales to hit AED 520 bn in 2024 -W Capital"},"content":{"rendered":"

Dubai\u2019s property market has attracted a record AED 517 bn in sales <\/strong>year-to-date until 27 December,<\/strong> a 28.9% increase from 2023, according to a report by real estate brokerage firm W Capital<\/a>, citing Dubai Land Department data. The market saw a record 178.9k sales during the period, a 38% y-o-y increase. <\/p>\n

Including mortgages and grants, total transaction volume rose 32% y-o-y to 223.9k<\/strong>, with a combined value of AED 753.6 bn, up 35.8% y-o-y, according to the report. Real estate mortgages reached AED 185.8 bn across 35.7k transactions, while grants totaled AED 50.9 bn from 9.3k transactions.<\/p>\n

4Q saw the most activity during the year<\/strong>, achieving the highest-ever quarterly sales of AED 142.7 bn across 48.6k transactions. Monthly sales throughout the year averaged between AED 35-61 bn, with October setting a record high at AED 61.5 bn.<\/p>\n

LOOKING AHEAD- Dubai\u2019s real estate market is expected to grow by 10-15% in 2025<\/strong>, with sales approaching the AED 600 bn mark and total transactions potentially exceeding AED 850 bn, according to W Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Including mortgages and grants, total transactions in the emirate rose 32% y-o-y<\/p>\n","protected":false},"author":1,"featured_media":99268,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[87,7,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-dubai","tag-enterpriseam-uae","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"fa021ea7-423f-4398-b9ba-6808893bcc0b","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2630.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai property sales to hit AED 520 bn in 2024 -W Capital","related_issue":[99255],"teaser":"Including mortgages and grants, total transactions in the emirate rose 32% y-o-y","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ca8780a9-c906-4e55-a8f5-a1362944b449.mp3"},"yoast_head":"\nDubai property sales to hit AED 520 bn in 2024 -W Capital - 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