Dubai property deals jump 44.5pc in Q2

RIYADH, Sept 24 (Arab News): Dubai's real estate market surged in the second quarter, with sales transactions climbing 44.5 per cent year on year to 153.7 billion dirhams ($41.85 billion), a new report showed.
According to real estate advisory firm JLL, the performance highlights the resilience of the wider UAE property sector, where activity was dominated by the off-plan market and supported by strong launches in both Dubai and Abu Dhabi.
The growth aligns with a broader trend across the Gulf Cooperation Council, where property values and sales are rising in residential, commercial, and hospitality segments, fueled by economic diversification efforts.
In August, Kuwait Financial Centre, also known as Markaz, said the GCC property market is set to extend its growth momentum into the second half of the year, supported by lower interest rates, government investment, and resilient investor demand.
"Dubai's sales market is expected to maintain strong sales momentum despite anticipated price growth moderation," JLL said.