Dubai’s residential real estate market had a stellar 2024, with a 47% transaction surge driven by strong investor confidence. Off-plan sales dominated at 68%, up from 55% in 2023, as buyers flocked to high-quality projects.
Developers launched over 50,000 new units, a 25% increase from 2023, with hotspots like Jumeirah Village Circle, Dubai Hills Estate, and Al Barari leading the market. Luxury properties thrived, with 4,600+ homes priced above AED 10M ($2.7M) sold, a 23% rise. Villa sales outpaced apartments in the premium segment, jumping 33% year-on-year.
Source: Freepik
Rental prices climbed, with apartment rents up 16% and villa rents rising 13%, reflecting Dubai’s expanding demand. Areas like Al Furjan saw rental spikes of 26%.
Experts predict sustained growth in 2025, with continued demand for off-plan projects and luxury homes. Dubai’s position as a global real estate hub remains stronger than ever.