Dubai's real estate market experienced a historic surge in 2024, setting records with 180,900 transactions worth AED 522.1 billion ($142.2 billion). This marks a 36% increase in volume and a 27% rise in value compared to 2023.

Primary Market Boom

• Sales of new developments soared 30% to AED 334.1 billion ($91 billion).

• Transaction volume rose by 51% to 119,800, driven by new launches, flexible payment plans, and residency incentives.

• The average price per square foot increased by 10%, reaching AED 1,600 ($436).

Secondary Market Resilience

• Re-sales climbed 21% to AED 188.1 billion ($51.2 billion), with 61,100 transactions—a 14% year-on-year growth.

• The average price per square foot increased by 12% to AED 1,300 ($354).

• Investors were drawn to ready properties and high rental yields.

Strong Demand Across Property Types

• Apartment sales: 141,168 transactions (+42%) worth AED 260.6 billion ($71 billion).

• Villa sales: 30,938 transactions (+21%) worth AED 164.1 billion ($44.7 billion).

• Commercial properties and land plots also saw notable growth in transactions and value.

Top Performing Areas

• Primary Market: Al Barsha South 4 led with 12,878 transactions worth AED 13.5 billion. Business Bay followed with AED 21.1 billion in value across 6,888 deals.

• Secondary Market: Business Bay dominated with 5,142 re-sale transactions, while Dubai Marina topped value with AED 15.2 billion from 4,924 deals.

2025 Viewpoint

Experts predict continued growth, driven by infrastructure developments, global investor interest, and new suburban projects like Madinat Al Mataar and Wadi Al Safa 5. Dubai’s thriving real estate market reinforces its status as a premier global destination for investment and living.