Dubai’s real estate market saw remarkable growth in 2024, with over 168,000 residential transactions. Off-plan sales surged, accounting for 68% of all deals, and 142,000 new units were launched—a record for the city. Apartment prices have risen 65% since 2020, while villa rates have more than doubled. In Q4, sales reached Dh116.5 billion, up 31.1% year-on-year, with 46,844 transactions.
Source: Pinterest
Luxury properties remained dominant, with Palm Jumeirah recording the highest prices at Dh4,600 per square foot. Mid-income hubs like Dubai South and Jumeirah Village Circle also saw strong demand. With its strategic planning and focus on innovation, Dubai is set to sustain this momentum into 2025, reinforcing its status as a global real estate leader.