The stampede among investors for UAE real estate went into overdrive in May as Dubai property kept shattering records. The city racked up the highest number and value of transactions ever seen.

Transaction volumes soared 53 per cent year-over-year, reaching 17,713 deals. To top it off, the total value of these climbed 38 per cent, hitting a remarkable Dh46.5 billion. In May, the offplan market reached a record high in both volume and value, with 11,107 transactions valued at Dh22.7 billion.