India, Feb. 24 -- Dubai's residential market recorded 33,110 transactions valued at over AED 65.23 billion in the October-December 2024 quarter. This marks a 55% year-on-year (Y-o-Y) increase compared to the 21,405 transactions recorded in the same period in 2023, a report by Square Yards said.

The value of property transactions surged by 44% Y-o-Y, up from AED 45.45 billion in the October-December 2023 period, it said.

"This growth in annual activity demonstrates strong buyer interest, while the minor quarterly adjustment indicates a steady, healthy market. Average registered home sales value also adjusted slightly, coming in at AED 1.97 million, dropping marginally by 7%," the report showed.

Rabiah Shaikh, Chief Business Officer and ...