Dubai Real Estate Sets Record with Dh761 Billion in Transactions in 2024

This remarkable performance was part of a broader surge in real estate activity, with 2.78 million procedures conducted, including rental agreements, marking a 17 per cent rise year-on-year.

The emirate welcomed 110,000 new investors to its property sector in 2024, representing a 55 per cent increase and underscoring Dubai’s position as a global hub for real estate investment. The market also saw Dh526 billion worth of investments across 217,000 transactions, reflecting growth rates of 27 per cent in value and 38 per cent in volume.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attributed the sector's success to the city's dynamic economy, advanced infrastructure, and forward-thinking policies. He highlighted Dubai’s commitment to the Dubai Economic Agenda D33, which aims to position the city among the world’s top three urban economies by 2033, doubling GDP and enhancing its reputation as a premier investment destination.