Dubai’s real estate sector recorded AED761 billion in transactions in 2024, the highest in its history. The total of 2.78 million procedures, including real estate transactions and rental agreements, marks a 17% increase compared to 2023. These achievements underscore Dubai’s dynamic economy and investment appeal.
Unprecedented Growth and Record Investments
Real estate transactions in Dubai surged by 36% in volume and 20% in value year-on-year, with 226,000 transactions. The sector also attracted 110,000 new investors, a 55% rise, reflecting Dubai’s growing appeal as a global investment hub. Investments reached AED526 billion, a 27% value increase, solidifying Dubai’s position as a leader in real estate innovation.
Visionary Leadership Drives Success
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum attributed this success to Dubai’s robust infrastructure, progressive policies, and the Dubai Economic Agenda D33. “Dubai’s real estate market combines innovation, excellence, and stability, making it among the world’s best,” he stated, highlighting the sector’s role in positioning Dubai among the top three urban economies.
Future Goals Under Real Estate Strategy 2033
Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, credited the Dubai Real Estate Strategy 2033 for driving growth. The strategy aims to double the sector’s GDP contribution and attract investments from emerging markets. Leveraging AI and proptech solutions, Dubai is fostering transparency, operational efficiency, and investor confidence.
Global Leadership in Real Estate
Dubai’s real estate achievements reflect its commitment to sustainable development and global leadership. Collaboration between public and private sectors continues to set new standards, advancing Dubai’s strategic vision as the world’s leading destination for real estate investment.