Dubai's real estate market achieved a historic milestone in 2024 recording 180,900 transactions worth AED 522.1 billion, an increase of 36% in volume and 27% in value from 2023. The primary market saw a 30% rise in first sales, totaling AED 334.1 billion driven by strong demand for new developments. Transaction volume surged by 51% to 119,800 with average prices rising 10% to AED 1,600 per sq ft.

The secondary market also performed well with re-sales up by 21% to AED 188.1 billion and transaction volume growing 14% to 61,100. The average price per sq ft increased by 12% to AED 1,300.

Notable growth was seen in apartments which grew by 42% while villa sales rose by 21% and commercial property transactions increased by 10%. Popular areas like Al Barsha South 4 and Business Bay led in transaction volume and value with the latter also dominating re-sales. Emerging areas like Madinat Al Mataar and Wadi Al Safa 5 showed growing demand for suburban living.