Dubai property prices increased by an average of 20 per cent in Q3 2024 as total residential sales topped AED120bn ($32.4bn) according to the CBRE Middle East UAE Real Estate Market Review.

TECOM Group’s asset investments in 2024 reached AED 2.7 billion ($740 million) after completing the acquisition of Office Park from Emirates REIT for AED 720 million ($196 million).

The Dubai real estate market recorded an all-time high of 18,038 transactions in September, with almost three quarters (73 per cent) for properties under construction having been sold off-plan, according to Property Monitor data.