A report issued on Thursday by fäm Properties underlines how 2024 became a historic year, with big leaps of 36 per cent and 27 per cent respectively on the previous high of 133,100 sales worth Dh411.1 billion in 2023.
In the primary market, first sales from developers climbed by 30 per cent year on year to Dh334.1 billion, highlighting strong demand for new developments and off-plan properties.
The transaction volume surged by 51 per cent to 119,800 in 2024, reflecting a substantial increase in buyer confidence and developer activity.
There was also a steady appreciation in the average price per square foot, which was up 10 per cent to Dh1,600.
Demand was fuelled by new project launches and favourable payment plans, as the segment attracted foreign investors, supported by residency incentives and visa reforms.
هذه القصة مأخوذة من طبعة January 03, 2025 من Khaleej Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 03, 2025 من Khaleej Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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