Dubai South tops real estate sales in May
Dubai South continues to lead Dubai's real estate market for the third consecutive month in May, recording 1,357 sale transactions valued at AED 1.6 billion (approximately USD 435.6 million), representing a 15.9% increase compared to the previous month. Residential sales transactions in the area have risen by 36.4% since the end of February, with sales of units under construction growing by 24.8% month-on-month. This reflects strong investor confidence and robust activity related to the expansion of Dubai International Airport and Dubai World Central. The total real estate transactions in Dubai for May amounted to AED 28.9 billion (around USD 7.87 billion), across more than 10,000 deals, with mid-range properties maintaining dominance in the market.
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