The real estate market in Dubai rose in May, recording record amounts of sales and value of transactions, which indicates the growing investor trust and potential willingness to keynage real estate.
According to the data in the Press Release, the Property Finder Property Platform, and the Real Estate Sector in Dubai reached the overall value of sales of 66.8 billion dirham (about $ 18.2 billion) through 18,700 transactions in May. These figures indicate the year-on-year growth value of transactions of 44% and the growth of sales volume of 6%.
Growth is encouraged by activities on the primary and secondary market. The primary sale recorded a growth of worth 314% compared to May 2024, while secondary sales increased by 21%.
Such results come at the moment of accelerated real estate and real estate tokenization initiatives, which opens the market to a larger number of investors and changes real estate ownership dynamics.
Scott Til, co-founder and executive director for the tokenization of real assets (RWA) Tokinvest, said for cointelegraph that the record results of the real estate market in Dubai show the readiness of the city for innovation such as tokenization.
“That confirms what we already knew – Dubai becomes one of the most active and most attractive real estate markets in the world,” Til said.
“When you see 60 billion dirham in transactions in just one month, it is a strong signal that the market is liquid, dynamic and ready for innovation.”
He added that real estate tokenization is no longer a futuristic concept, but an active development that gets on the swing. TIL pointed out that this large scope is an ideal springboard for fractionation – a subdivision of real estate in less, more accessible shares – to respond to investors at the local and international level, banker reports.
“We believe that tokenization will not only follow the next record, but will help in its realization,” Til emphasized.
The booming of the Dubai Real Estate Market in May coincided with important regulatory and industrial events aimed at modernizing the way of selling and buying real estate.
On 1. May, Dubajski Multibank Group, Gigant in the real estate MAG and the MAVRYK Blue service provider signed a $ 3 billion-value agreement. With this contract, the luxury real estate projects of the MAG will be involved on the Blockkey through regulated RWA markets.
