Last year, Dubai attracted 110,000 new investors to its real estate sector, achieving a remarkable 55 percent increase. This unprecedented achievement highlights the emirate’s leading role in creating a world-class investment ecosystem that attracts investors from around the globe and supports the sustainable growth of the real estate sector.
Further solidifying its position as a global hub for investment, Dubai’s real estate sector achieved exceptional milestones in 2024. The sector recorded 217,000 investments valued at AED526 billion, reflecting impressive growth rates of 38 and 27 percent in number and value respectively.
“These indicators serve as tangible evidence of the resilience of Dubai’s real estate market, its ability to adapt to global changes, and its success in attracting high-quality investments. The results achieved in 2024 reflect the emirate’s ambitious vision and ongoing efforts to enhance its investment attractiveness under the guidance of our wise leadership, in line with the Dubai Economic Agenda D33, which aims to position the emirate among the top three urban economies,” stated Marwan Ahmed bin Ghalita, director-general of Dubai Land Department.
Real estate transactions grow to AED761 billion
Dubai’s real estate sector recorded a total of 2.78 million transactions in 2024, the highest in its history. The record number of transactions, which include both real estate transactions and rental agreements, marks a 17 percent increase compared to 2023.
Real estate transactions alone totaled 226,000, with a combined value of AED761 billion, a remarkable 36 percent growth in volume and 20 percent growth in value year-on-year.
“The exceptional results in 2024 reflect the deep strength and resilience of our economy, which continues to thrive in a rapidly changing global landscape. The leadership’s visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate’s position as an international hub for investment, trade, and innovation, and enhanced its global appeal as a lifestyle and investment destination, all of which have catalyzed the real estate market,” stated H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence and Chairman of The Executive Council of Dubai.
Dubai Real Estate Strategy 2033 propels growth
Bolstered by the Dubai Real Estate Strategy 2033, the sector continues to raise benchmarks of transparency, return on investment and investor confidence while addressing diverse market needs, Sheikh Hamdan added.
“Dubai’s real estate market remains among the world’s best, with a strong focus not only on innovation and excellence but also stability and sustainability. We continue to introduce new initiatives in the sector to advance our vision of making Dubai the world’s best place to live and work,” he added.
The steady growth of the real estate market also continues to boost its contribution to the D33 Agenda’s objectives of making Dubai one of the world’s top three urban economies and doubling its GDP by 2033.
For his part, bin Ghalita added that the Dubai Real Estate Strategy 2033 has been a key driver of this growth by focusing on doubling the sector’s contribution to the GDP and fostering an integrated ecosystem rooted in innovation and technology.
“This approach enhances transparency and balances supply and demand. The strategy aims to attract investments from emerging markets, solidifying Dubai’s position as a global hub for real estate investment,” he added.
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World’s leading destination for real estate investment
Dubai continues to achieve transformative milestones, reaffirming its commitment to shaping the future and realizing its ambitious goal of becoming the world’s leading destination for real estate investment and sustainable development. Through seamless collaboration between the public and private sectors, Dubai is setting new standards of economic excellence, advancing its strategic vision and solidifying its leadership across various industries.
“Attracting 110,000 new investors to the real estate sector last year is a clear indicator of our efforts to enhance global investor confidence. This achievement underscores Dubai’s commitment to developing an advanced real estate environment managed using state-of-the-art artificial intelligence and proptech solutions. These technologies play a crucial role in boosting operational efficiency and ensuring the satisfaction of both investors and stakeholders alike,” added bin Ghalita.
Bin Ghalita added that the Dubai Land Department will continue working hand in hand with its partners in both the public and private sectors to achieve further milestones that support Dubai’s future vision and contribute to realizing its strategic objectives.
