Dubai Property Sales Rise as Rental Activity Hits Record High
Real Estate

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.

According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.

Property sales reached 13,933 transactions worth AED33.2 billion in June, representing a 35.5 per cent month-on-month increase in volume and a 14.9 per cent rise in value. This took total second-quarter sales to 38,157 transactions valued at AED110.2 billion, while first-half sales reached 86,077 deals worth AED286.2 billion.

Apartment sales increased 32.3 per cent month on month to 11,605 transactions worth AED17.8 billion, while villa sales rose 46.5 per cent to 1,474 transactions valued at AED7.5 billion. Commercial property sales climbed 42.7 per cent to 478 deals, and plot sales surged 68.3 per cent to 276 transactions.

Dubai South remained the emirate's top-performing real estate market for the fourth consecutive month, recording 2,869 transactions worth AED3.3 billion, driven largely by strong off-plan sales. Primary market transactions continued to dominate, accounting for 10,398 sales worth AED21.6 billion during June.

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representing a 35.5 per cent month-on-month increase in volume and a 14.9 per cent rise in value. This took total second-quarter sales to 38,157 transactions valued at AED110.2 billion, while first-half sales reached 86,077 deals worth AED286.2 billion.Apartment sales increased 32.3 per cent month on month to 11,605 transactions worth AED17.8 billion, while villa sales rose 46.5 per cent to 1,474 transactions valued at AED7.5 billion. Commercial property sales climbed 42.7 per cent to 478 deals, and plot sales surged 68.3 per cent to 276 transactions.Dubai South remained the emirate's top-performing real estate market for the fourth consecutive month, recording 2,869 transactions worth AED3.3 billion, driven largely by strong off-plan sales. Primary market transactions continued to dominate, accounting for 10,398 sales worth AED21.6 billion during June.

Next Story
Infrastructure Urban

AI Powered Security Robot To Debut At Puri Station

The East Coast Railway (ECoR) has unveiled an artificial intelligence powered robotic surveillance platform that will be deployed at Puri railway station ahead of Lord Jagannath's Bahuda Yatra on 24 July to enhance passenger safety and security. The platform, named DSC ARJUN, was revealed in the presence of ECoR General Manager Parmeshwar Funkwal and senior railway and Railway Protection Force (RPF) officers. ECoR officials said the system has been introduced as a temporary deployment for the festival and may later be shifted to Bhubaneswar railway station. Developed to support Railway Protect..

Next Story
Infrastructure Urban

India Eases RCMC Rule For Low Value Exports

The Directorate General of Foreign Trade (DGFT) has proposed exempting low value export consignments from the requirement to hold a registration-cum-membership certificate (RCMC), in a move intended to simplify compliance for small exporters. The proposal targets shipments with a free-on-board value of up to Rs 10,000 and seeks to reduce paperwork for first time exporters and micro, small and medium enterprises. The announcement forms part of a wider government effort to encourage exports through online platforms and emerging delivery channels. Under the proposed amendment to Paragraph 2.57 of..

Next Story
Infrastructure Urban

Assam Launches Centre Of Excellence For Additive Manufacturing

The Assam government has inaugurated a Digital Design and additive manufacturing centre of excellence in Guwahati, signalling a push towards technology driven manufacturing across the state. Chief Minister Himanta Biswa Sarma opened the facility and outlined its intended role in fostering innovation, product development and entrepreneurship. The centre will provide industries, startups and researchers with access to advanced digital manufacturing tools and additive manufacturing capabilities. Officials said the facility aims to strengthen the state innovation ecosystem and reduce dependence on..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement