Dubai real estate hits record high with 2.78 million procedures in 2024
Welcomes 110,000 new investors
The Dubai real estate market recorded an unprecedented 2.78 million procedures in 2024, marking the highest level in its history.
This milestone represents a 17 percent increase compared to 2023, highlighting the sector’s resilience and growth.
Of these, real estate-specific transactions reached 226,000, collectively valued at Dh761 billion. This reflects a 36 percent year-on-year growth in volume and a 20 percent rise in value, reaffirming Dubai’s position as a global real estate leader.
Investor surge
The emirate welcomed 110,000 new investors into its real estate sector last year, a staggering 55 percent increase from 2023. These newcomers contributed to the 217,000 investments recorded in 2024, valued at Dh526 billion. The Golden Visa programme and the emirate’s reputation as an attractive investment destination have been key drivers of this surge.
“Dubai’s real estate market remains among the world’s best,” said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Chairman of The Executive Council of Dubai. He credited the Dubai Economic Agenda D33 for bolstering the city’s appeal as a lifestyle and investment hub, enabling the sector’s record-breaking performance.
Record Results in Dubai's Real Estate Sector in 2024 pic.twitter.com/bjqbRq4DfV
— Dubai Media Office (@DXBMediaOffice) January 26, 2025
Strategy 2033
The Dubai Real Estate Strategy 2033 aims to double the sector’s contribution to GDP and create an integrated ecosystem. “This approach enhances transparency and balances supply and demand,” explained Marwan Ahmed Bin Ghalita, Director-General of the Dubai Land Department. He added that the strategy’s focus on attracting investments from emerging markets solidifies Dubai as a global real estate investment hub.
In line with this strategy, cutting-edge technologies such as artificial intelligence and proptech have been introduced to enhance operational efficiency and investor satisfaction. These innovations are crucial for maintaining Dubai’s leadership in the real estate sector.