According to data provided by the Dubai Land Department, real estate sales have surpassed historical highs, with transaction volumes exceeding 127,000 since the beginning of 2023. This indicates that Dubai's real estate market is poised to maintain robust growth momentum in 2024.

As a world-class real estate investment destination, Dubai has drawn numerous international investors due to its prime location, streamlined processes, and tax-free policies. For investors seeking affordability and long-term returns, Dubai's residential real estate market remains a focal point.

The sustained growth of the Dubai real estate market is attributed to the best practices and legislation adopted by the Dubai Land Department. These measures regulate property ownership, sales, and leasing processes, strengthening investor confidence.

Additionally, the support of the Dubai government for the economy and real estate market is a crucial factor contributing to the steady growth of the Dubai real estate market.

With increasing transaction volumes, growing demand for ready-to-move-in properties, ongoing supply constraints, and a relatively high proportion of cash buyers and investors, the Dubai real estate market is expected to continue its positive development momentum. Dubai's reputation, strategic location, and factors that attract foreign investment position it for strong performance in the coming year.

It is worth noting that the success of the Dubai real estate market is attributed to the open, transparent, and fair legislative measures implemented by the Dubai Land Department. These measures not only instill confidence in investors but also provide assurance for the healthy development of the entire real estate industry.