In January 2024, Dubai’s property transaction volume increased by 27 per cent year-on-year to reach AED 35.4 billion ($9.6 billion), Property Finder data shows. Property Finder’s January 2024 report marks a strong start to the year for Dubai’s property market. According to Property Finder, the market saw a 17 per cent increase in the number of property transactions compared to last year, with the number of transactions exceeding 11,000, up from 8,712 in January 2023.
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The January 2024 report highlights the vibrant development of Dubai's real estate sector.
Dubai Property Market Growth in January 2024
The UAE is known for its investor-friendly practices. Investments in Dubai are not subject to annual property taxes, income taxes, capital gains taxes, rental income taxes or value added tax (VAT). This allows the investor to allocate a much larger financial portfolio to the purchase of real estate and, in turn, earn higher returns.
The transaction volume reached AED 35.4 billion, an increase of AED 27% compared to last year.
In January 2024
:Dubai property market growth: Transaction volume increased by 27% to reach AED35.4 billion.
