The UAE real estate market has been a hot topic for investors and property enthusiasts alike, and 2024 was no exception.
The sector saw an unprecedented surge in activity, with property market transactions hitting a staggering $243 billion. This remarkable achievement underscores the UAE’s position as a global hub for property investments and highlights the continued growth and attractiveness of its real estate market.
Dubai, known for its iconic skyline and luxury properties, led the market with AED 760.7 billion in transactions from 226,000 deals. The emirate’s property sales reached AED 522 billion through 180,000 transactions, while mortgages totaled AED 187 billion from 35,000 deals. This impressive performance can be attributed to Dubai’s diverse investment opportunities and its appeal to high-net-worth individuals from around the world.
Abu Dhabi, the capital of the UAE, also saw significant activity in its real estate market. The emirate registered AED 79.3 billion in transactions through 25,046 sales and mortgages. The Department of Municipalities and Transport’s “Dari” platform reported sales of AED 46.5 billion from 14,816 transactions, including 5,646 ready units and 9,169 off-plan properties. Mortgage transactions in Abu Dhabi reached AED 32.8 billion through 10,230 deals.
Sharjah and Ajman, though smaller in comparison to Dubai and Abu Dhabi, also experienced notable growth in their real estate sectors. Sharjah recorded transactions worth AED 36.4 billion between January and November 2024, including AED 9.5 billion in mortgages. The emirate processed 78,600 sales transactions and 4,011 mortgage deals. Ajman’s market showed growth with transactions reaching AED 16.35 billion by October 2024, comprising 12,718 deals.
Several factors contributed to the UAE’s real estate market boom in 2024. The country’s investment climate, favorable tax policies, and ongoing infrastructure projects played a significant role in attracting investors. Additionally, the UAE’s status as a global center for property investments made it an appealing destination for high-net-worth individuals, further stimulating market activity.
Industry reports indicate continued market growth in 2025, supported by the UAE’s investment climate and upcoming projects. The real estate markets across the emirates are expected to maintain their positive performance levels, thanks to diverse investment opportunities and growing demand for various property types.
The UAE’s real estate market in 2024 was a testament to the country’s resilience and attractiveness as a global investment destination. With record-breaking transactions and continued growth, the future looks promising for the UAE’s property sector. Whether you’re an investor, a property developer, or simply someone interested in the real estate market, the UAE’s dynamic and vibrant market is worth keeping an eye on.
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