According to W Capital Brokerage, real estate sales in Dubai reached $100 billion (US$27.2 billion) this year.
W Capital said the recognition this March 4th has been achieved.
With just 44 business days, this is the fastest when the market recorded sales of this level after reaching the AED brand last March 22, 2024.
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 recorded revenue of $94.8 billion (US$25.8 billion) in the first two months of the year.
The real estate market transactions were around 127.4 billion AEDs at the same time (USD 34.7 billion).
Walid Al Zarooni is hoping to sell real estate during Ramadan this year, finding it topped $36 billion ($9.8 billion) last year and $30 billion ($8.2 billion) in Ramadan the previous year.
He confirmed that the growth outlook this year is based on the dynamics that are currently underway since 2020. This has benefited from the economic recovery and success of plans to attract foreign investors and the provision of residential facilities.
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 VAE.
Al Zarooni explained that Dubai’s real estate market continues to grow sustainably, competes with the largest global market and surpasses them in several respects.
He noted that Dubai has become the first and preferred real estate market for many wealthy people and investors in the region and around the world.
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”.
