Summer 2024 saw an incredible 64,596 property sales in Dubai, a remarkable 38.1 percent increase from the winter season and an 18.1 percent rise from spring. This surge in activity aligns with Dubai’s status as a vibrant, dynamic marketplace, particularly in the real estate sector. According to a new report from UAE-based real estate platform Bayut, the summer months are proving to be the most fruitful for property transactions.
Summer is one of the most active seasons for property transactions in Dubai, as revealed by a new report from Bayut.
Insights derived from the Dubai Land Department (DLD), analyzed by Bayut’s systems, illustrate that the summer of 2024 (spanning June through September) saw the highest volume of sales and rental transactions for the year. A total of 64,596 property sales were recorded, showcasing substantial growth in comparison to winter and spring. Moreover, rental activity mirrored this vigor, with a remarkable 372,337 rental transactions, setting a new seasonal record. Such data can be explored through Dubai Transactions on Bayut, a real-time analytics tool that enables users to delve into transactional trends across communities and times.
This remarkable rise resonates with the ongoing three-year upward trajectory in Dubai’s property market. Sales during summer 2024 represented an increase of 37.7 percent compared to 2023, which itself had experienced a significant 38.5 percent growth over 2022. This pattern indicates consistent year-on-year summer growth in both sales and rental activities.
Haider Khan, CEO of Bayut, highlighted this vibrant atmosphere: “Summer represents a busy and vibrant time for Dubai’s property sector. Bayut’s data paints a very clear picture: buyer and renter interest remains strong year-round. Our tools like Dubai Transactions and TruEstimate™ are enabling smarter, faster decisions. The market is more active, more informed, and more digitally enabled than ever before.”
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Growing Preference for Buying
The report emphasizes that data-driven decision-making is generating a surge in buyer confidence. The increase in sales aligns with a broader trend where more residents prefer purchasing homes instead of renting. Leveraging Bayut’s suite of data-driven products, users find themselves better equipped to make informed investment decisions. TruEstimate™, the AI-powered property valuation tool, has produced over 300,000 personalized reports, aiding users in determining fair market values before finalizing any commitments. Simultaneously, Dubai Transactions provides government-backed property data directly to the public, shedding light on recent deal values, price trends, and neighborhood-specific activity.
With enhanced transparency and readily accessible insights, potential buyers feel more empowered to enter the market with confidence at any time of the year.
According to Bayut, downtime is no longer a characteristic of Dubai’s modern property landscape. The market operates at a single, rapid pace, with all indicators suggesting that summer 2025 will usher in yet another season of record-setting growth.
