DUBAI, AE / ACCESS Newswire / February 19, 2025 / Dubai's real estate market closed out 2024 on a historic high, with 15,096 property transactions totaling $11.6 billion in December alone, according to data from the Dubai Land Department. This represents the strongest December performance since 2009, solidifying Dubai's position as a global leader in real estate.
While other major cities struggle with market slowdowns, Dubai continues to stand out with its resilience and upward momentum. AX CAPITAL, a leading real estate brokerage, has been instrumental in helping investors navigate Dubai's dynamic market, ensuring they capitalize on the region's growing opportunities.
Dubai Outpaces Global Real Estate Hubs
In December 2024, Dubai saw a 34% increase in transaction volume and a 4% rise in total market value compared to the same period in 2023. Meanwhile, key markets such as London, New York, and Hong Kong are facing stagnation due to rising interest rates and investor uncertainty:
London: Property transactions fell 7% year-over-year due to economic challenges and fluctuating mortgage rates.
New York: Luxury real estate sales dropped 12%, with buyers cautious amid unpredictable interest rate shifts.
Hong Kong: Real estate transactions declined 15%, as regulatory concerns continued to weigh on investor confidence.
Dubai's ability to sustain growth despite global financial challenges has cemented its status as a top investment destination. AX CAPITAL's market knowledge, strategic insights, and exclusive property offerings have positioned the firm as a trusted partner for investors looking to maximize their returns.
What's Driving Dubai's Real Estate Growth?
Off-Plan Property Boom: Off-plan properties accounted for 61% of all transactions, with 9,165 sales worth $4.9 billion-a 53% surge in volume year-over-year.
Resilient Existing Property Market: Dubai recorded 5,931 existing property transactions valued at $6.7 billion, marking a 12% rise in volume and a 5% increase in value.
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Top-Selling Projects:
Apartments: Binghatti Skyrise led with $200 million in sales.
Villas & Townhouses: Velora, The Valley 2 topped the category with $140 million in sales.
Investor-Friendly Policies: Dubai's favorable regulatory framework, investor visa programs, and tax incentives continue to attract high-net-worth individuals and institutional buyers.
AX CAPITAL : Leading Investors to Success
As one of Dubai's most respected real estate firms, AX CAPITAL is at the forefront of helping investors make informed, strategic decisions. By offering personalized investment solutions and access to some of the market's most sought-after properties, the firm ensures that clients stay ahead of market trends.
"We are seeing unprecedented demand from both local and international investors. Dubai's real estate market isn't just outperforming global competitors-it's setting new standards for stability and returns," said [AX CAPITAL, Tosin Onadeko].
With Dubai's real estate sector poised for continued expansion, AX CAPITAL remains dedicated to providing investors with expert guidance, exclusive opportunities, and a seamless property acquisition process.
About AX CAPITAL
AX CAPITAL is a premier real estate brokerage based in Dubai, specializing in luxury, off-plan, and high-value property investments. With a strong track record of excellence and a commitment to client success, AX CAPITAL continues to shape the future of Dubai's real estate industry.
For more information, visit AX CAPITAL's website or connect with them on social media:
Facebook: AX CAPITAL
LinkedIn: AX Capital UAE
Name: Tosin Onadeko
Email: info@axcapital.ae
Phone: +971 42427373
SOURCE: AX CAPITAL
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