UAE’s leading real estate company, Primo Capital Experts has published a thorough study for Q2 2024 that highlights significant market trends and strong growth in the UAE’s real estate market. Based on its findings, Primo Capital has identified important indicators and significant breakthroughs impacting the sector as the region navigates changing economic conditions in all unit categories
Residential Market Overview: The residential market of Dubai saw unheard-of levels of activity in the second quarter of 2024, with overall transaction volumes hitting an all-time high of 35,310 transactions—a significant 20.5% rise year over year.
The substantial 23.9% increase in off-plan property transactions coupled with a noticeable 15.2% increase in secondary market transactions were the main drivers behind this surge. This trend in UAE properties underscores the enduring confidence among prospective buyers and catered strong demand in the industry.
The rising trend of property prices is indicative of a dynamic market sentiment. The average cost of a home in Dubai increased by 20.7% year over year, with rises of 20.4% and 22.1% for flats and villas, respectively. This acceleration confirms that, despite wider economic shifts, Dubai remains a top destination for real estate investment worldwide.
The average price of a villa in Abu Dhabi increased by 2.3% year over year, while the average price of an apartment increased by 4.3%, indicating continuous expansion in the residential sector of the emirate.
About Primo Capital:
Primo Capital is one of the reputable names in the real estate industry. With a steadfast commitment to excellence & decade of expertise, this real estate agency in Dubai has secured a reputable position among leading developers, foreign investors & prospective buyers. underscoring its exceptional rapport and fruitful collaborations with esteemed developers including Emaar, Nakheel, Dubai Properties, DAMAC, Omniyaat, Nakheel, Merras & other leading developers of UAE, Primo Capital is their authorized channel partners! Primo Capital offers a wide choice of off-plan and move-in ready solutions catered to a diversified clientele, with a portfolio of over 5,000 homes and partnerships with over 100 recognized developers. Investing with Primo Capital guarantees financial success as well as peace of mind because of the company’s outstanding reputation and unwavering commitment to customer satisfaction. Primo Capital is a dependable partner in Dubai’s real estate industry, and it is the first choice for astute investors looking for quality and dependability. Primo Capital is prepared to provide unmatched service and outstanding value.
For further information and personalized consultation, visit Primo Capital’s official website.
