Dubai’s real estate market has seen a significant surge in activity since the beginning of the year, with transactions totalling AED155 bn, Invest-Gate reports.

According to data released by the Dubai Land Department, these transactions comprised 43,980 deals up until the end of trading yesterday, Monday.

The data further reveals that sales surpassed AED100 bn, reaching AED101.5 bn from 34,130 transactions, surpassing 2023 figures by 15 days. The Emirates Gulf newspaper reported that this milestone was achieved within 100 days.

The Commercial Bay area led in sales volume, totalling AED5.76 bn from 2,643 transactions. It was followed by Jumeirah Village Circle, with AED4.47 bn from 3,743 deals, and Palm Jumeirah, with AED4.38 bn from 363 transactions.