Dubai’s enduring appeal as a global investment hotspot is evident from the city’s real estate market, which witnessed a historic surge in property transactions.

July saw a record-breaking $15.1 billion in property transactions, representing a nearly 57% increase compared to last year. The market recorded over 17,000 deals in July, with apartments accounting for 59% of transactions and villas and townhouses making up the remaining 41%, according to Property Finder.

“July was a pivotal month for the industry, as transaction values came to par with the highest peak recorded earlier this year, in May,” the real estate portal said.

The off-plan segment dominated the market, with the volume of deals rising by 77% to 9,300, making up more than half of the total transactions. The value of these off-plan deals increased by 54% to $5.28 billion. Investors purchased units worth $9.8 billion in the secondary market, surpassing the previous peak recorded in June 2024 by 23%.

Established communities such as Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah remained popular for apartment buyers.

For those seeking villas, Dubai Hills Estate, Al Furjan, Palm Jumeirah, and Akoya by Damac emerged as top preferences.

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