Dubai’s Real Estate Achieves Record-Breaking Performance in 2024

The sector hits new heights in 2024, with Dh761 billion in transactions and a 55% increase in new investors

January 27, 2025 | Staff Reporter | UAE | Developers

Dubai’s Real Estate Achieves Record-Breaking Performance in 2024

Dubai's real estate market has achieved historic milestones in 2024, with a total of Dh761 billion in transactions, marking a 36% increase in volume and 20% growth in value compared to the previous year. The market also saw a remarkable surge in investor activity, with 110,000 new investors contributing to a 55% rise in fresh capital inflows.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, attributed this exceptional growth to the emirate’s robust economic policies, state-of-the-art infrastructure, and forward-thinking strategies. "The exceptional results in 2024 reflect the deep strength and resilience of our economy, which continues to thrive in a rapidly changing global landscape," His Highness said. "The leadership's visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate's position as an international hub for investment, trade, and innovation, and enhanced its global appeal as a lifestyle and investment destination, all of which have catalysed the real estate market."

In addition to record-breaking transactions, Dubai's real estate sector also saw an outstanding 17% increase in total procedures, including transactions and rental agreements, reaching a total of 2.78 million. The sector’s growth was further fuelled by the Dubai Real Estate Strategy 2033, which focuses on doubling the sector's contribution to the GDP, enhancing transparency, and attracting investments from emerging markets.

"The exceptional results in 2024 reflect the deep strength and resilience of our economy, which continues to thrive in a rapidly changing global landscape. The leadership's visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate's position as an international hub for investment, trade, and innovation, and enhanced its global appeal as a lifestyle and investment destination, all of which have catalysed the real estate market."

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence

 

 

Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, praised the results as tangible evidence of Dubai's resilience and ability to adapt to global changes. "The Dubai Real Estate Strategy 2033 has been a key driver of this growth by focusing on fostering an integrated ecosystem rooted in innovation and technology," he noted. "Attracting 110,000 new investors to the real estate sector last year is a clear indicator of our efforts to enhance global investor confidence."

As Dubai continues to break records, it cements its position as a global investment powerhouse, with its visionary strategies and cutting-edge technologies ensuring sustained growth and investor satisfaction.

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