The UAE’s real estate sector continued its upward momentum in 2024, driven by new property developments and infrastructure projects, solidifying its role as a cornerstone of the national economy.
Key emirates such as Abu Dhabi, Dubai, Sharjah, and Ajman witnessed heightened activity in property transactions. Abu Dhabi recorded AED 79.3B in deals, including AED 46.5B in sales via the “Dari” platform, with mortgage transactions totalling AED 32.8B. Dubai achieved record-breaking figures with AED 760.7B in transactions, comprising AED 522B in property sales and AED 187B in mortgages.
Sharjah maintained steady growth, registering AED 36.4B in real estate deals, supported by over 78,600 transactions, including 4,011 mortgage deals. Meanwhile, Ajman reported a 43% rise in activity, reaching AED 16.9B in 2023, further growing to AED 16.35B in 2024 by October, driven by diverse property options and strong demand.
Overall, total real estate transactions across the UAE amounted to AED 893B in 2024, including AED 229.3B in mortgages. The consistent growth highlights the UAE’s status as a global investment hub, attracting high-net-worth individuals and fostering opportunities in luxury real estate.
Global projections for 2025 anticipate sustained expansion, supported by the UAE’s investor-friendly environment and the planned launch of several new real estate projects catering to both local and international investors.
