In 2024, Dubai’s real estate industry saw 2.78 million procedures, the most in its history. Compared to 2023, the record number of procedures encompassing rental agreements and real estate transactions—represents a 17% rise.
With a total value of Dhs761 billion, real estate transactions alone amounted to 226,000, representing an astounding 36% increase in volume and 20% increase in value year over year.
Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, credited the emirate’s record-breaking real estate performance to its thriving economy, strong infrastructure, forward-thinking policies, and top-notch investment environment.
The remarkable outcomes in 2024 demonstrate the profound endurance and power of our economy, which is still thriving in a world that is changing quickly. In addition to strengthening the emirate’s standing as a global centre for trade, investment, and innovation, the leadership’s ambitious objectives set forth in the Dubai Economic Agenda D33 have also increased the emirate’s allure as a destination for investment and lifestyle, which has stimulated the real estate market.
“The industry continues to increase standards for transparency, return on investment, and investor confidence while meeting a variety of market demands, supported by the Dubai Real Estate Strategy 2033. With a strong emphasis on stability and sustainability in addition to innovation and excellence, Dubai’s real estate market continues to rank among the best in the world.
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