According to W Capital Brokerage, real estate sales in Dubai reached USD 100 billion (USD 27.2 billion) this year.
W Capital said the March 4th recognition was achieved.
In just 44 business days, this is the fastest if the market recorded this level of sales on March 22, 2024 after reaching the AED brand.
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Dubai real estate sales
The same value was achieved on April 11 in 2023.
Walid Al Zarooni, W Capital CEO, said: “The succession of these record numbers confirms beyond doubt that the real estate sales boom in Dubai is ongoing and will not subside in the near future, which will make 2025 a new historic year for the real estate market in the emirate”.
Al Zarooni said it had sold $94.8 billion ($25.8 billion) in the first two months of the year.
The real estate market traded approximately AED 127.4 billion (US$34.7 billion).
Walid Al Zarooni hopes to sell the property during Ramadan this year.
According to Al Zarooni, its first two months of the year brought in $94.8 billion (US$25.8 billion).
At the time, there were approximately 127.4 billion AED (USD 34.7 billion) in real estate market transactions.
Since real estate sales during Ramadan last year exceeded $36 billion ($9.8 billion) and $30 billion ($8.2 billion) the year before, Walid Al Zarooni hopes to sell during this year’s Ramadan.
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Walid Al Zarooni added that there are many internal factors that have contributed to improving this growth, particularly the political, security and economic stability of the UAE.
Al Zarooni explained that Dubai’s real estate market continues to grow sustainably, competes with the largest global market and competes in several ways.
He pointed out that many affluent individuals and investors in the area and globally now choose Dubai as their first and preferred real estate market.
Al Zarooni said: “Dubai has managed to achieve the difficult equation of providing an ideal environment for work, investment and living at the same time. This diversity in the economic environment reflects the availability of good investment opportunities, in addition to legislation that guarantees the rights of all, which enhances investors’ confidence in the local economy.
“Moreover, the state-of –the-art infrastructure, security and safety have contributed to enhancing the attractiveness of the real estate market”.
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