Page 209 - SOBHA REALTY PR REPORT - NOVEMBER 2024

Dubai sells over 20,000 property units in October,

records new all-time monthly high in 2024

Seventy-three per cent of transactions were for off-plan or under-construction properties,
according to Property Monitor’s October report

Published: Mon 4 Nov 2024, 7:52 PM

Updated: Mon 4 Nov 2024, 9:10 PM

• By

• Waheed Abbas

Dubai real estate market saw monthly transactions surpass over 20,000 mark for the first time in
history in October, indicating that the market's momentum shows no sign of slowing down.

According to new data released by Property Monitor 20,460 sales transactions were recorded last
month, an increase of 13 per cent over the previous month, as strong demand for residential and
commercial properties continues to drive prices and rents upward.

31 Dec, 2023

Abu Dhabi Sheikh Zayed Festival fireworks

“After a record-breaking September, the Dubai real estate sector reached another new high in
October. Once again, off-plan and under-construction properties accounted for the majority of

https://www.khaleejtimes.com/business/realty/dubai-sells-over-20000-property-units-in-october-
records-new-all-time-monthly-high-in-2024