Dubai’s real estate sector recorded AED 761 bn across 226k transactions in 2024 — an all-time high for a full year, marking a 36% y-o-y increase in volume and a 20% rise in value, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said, according to the Dubai Media Office. The sector also registered 2.78 mn procedures, including transactions and rental agreements, marking 17% y-o-y growth.

The emirate saw 217k investments worth AED 526 bn throughout the year, up 27% y-o-y, and attracted 110k new investors, achieving a 55% increase in new investor activity.

ICYMI: Earlier this month, a Springfield Properties report, showed that Dubai’s real estate market had a standout year in 2024, recording AED 423.4 bn in residential sales across 168k transactions, up 42.4% y-o-y. Off-plan units led the market, accounting for 68% of total sales, while properties priced between AED 1 mn and AED 2 mn saw a 71% surge in demand. Average apartment prices rose 65% since 2020, with villa and townhouse prices more than doubling, highlighting Dubai’s appeal to luxury and mid-income buyers alike.

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