Investors earn record AED60bn profits from Dubai’s re-sale property market
The Peninsula
DOHA: Investors in Dubai real estate notched up record profits of almost AED60bn from the re sale market last year. A report released by f m Proper...
DOHA: Investors in Dubai real estate notched up record profits of almost AED60bn from the re-sale market last year.
A report released by fäm Properties today showed the secondary market generated capital gains of AED59.7bn in 2024, representing 32 percent of Dubai’s all-time high total re-sale value of AED188.1bn last year.
Underling the soaring value of investment in Dubai real estate and its global appeal, total re-sale profits last year were 34 percent up on 2023, completing a dramatic 1300 percent leap over the last five-years.
Data from DXBinteract covering 136 areas across the emirate revealed that the highest amount of capital gain, AED6.48bn, was achieved on Palm Jumeirah.
