The UAE’s real estate sector achieved remarkable growth in 2024, recording transactions worth AED893 billion ($243 billion) across Dubai, Abu Dhabi, Sharjah, and Ajman. With over 331,300 transactions, the market’s performance underscores its strength as a global property investment hub.
Dubai Leads the Market
Dubai dominated the UAE’s real estate landscape, accounting for AED760.7 billion from 226,000 deals.
- Property sales: AED522 billion through 180,000 transactions.
- Mortgage transactions: AED187 billion from 35,000 deals.
This performance reflects Dubai’s robust market demand, bolstered by strong investor interest and ongoing infrastructure developments.
Key Contributions from Other Emirates
Abu Dhabi:
- Total transactions: AED79.3 billion from 25,046 deals.
- Sales of AED46.5 billion included 5,646 ready units and 9,169 off-plan properties.
- Mortgage transactions reached AED32.8 billion across 10,230 deals.
Sharjah:
- Recorded AED36.4 billion in transactions from January to November 2024.
- Mortgage transactions totaled AED9.5 billion from 4,011 deals.
- The emirate completed 78,600 sales transactions.
Ajman:
- Registered AED16.35 billion in transactions by October 2024.
- Comprised 12,718 deals, reflecting steady growth after a 43% surge in 2023, when it recorded AED16.9 billion in transactions.
Mortgage Activity Across the UAE
Mortgage transactions collectively amounted to AED229.3 billion across 50,000 deals (excluding Ajman figures). This highlights the sustained confidence of investors and residents in the UAE’s real estate market.
Outlook for 2025
Experts predict continued growth in the UAE’s property sector, driven by favourable investment policies, ambitious infrastructure projects, and the UAE’s status as a global lifestyle destination. With new developments on the horizon, the market is expected to maintain its upward trajectory.
