Dubai real estate hits record high: Dh761 billion transactions in 2024

The megacity attracted 110,000 new investors to its property sector, achieving a remarkable55 per cent increase

Dubai’s real estate sector recorded a aggregate of 2.78 million procedures in 2024, the loftiest in its history. The record number of procedures, which include both real estatedeals and rental agreements, represent a 17 per cent increase compared to 2023. 
Real estate deals alone totaled 226,000, with a combined value of Dh761 billion, a remarkable 36 per cent growth in volume and 20 per cent growth in value time- on- time. 
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, attributed the emirate’s record real estate performance to its dynamic frugality, robust structure, progressive programs, and world- class investment ecosystem. 
The exceptional results in 2024 reflect the deep strength and adaptability of our frugality, which continues to thrive in a fleetlychanging global geography. The leadership’s visionary pretensions outlined in the Dubai Economic Agenda D33 have helped raise the emirate’s position as an transnational meccafor investment, trade, and invention, and enhanced its global appeal as a life and investment destination, all of which have catalysed the real estate request.” 
” Bolstered by the Dubai Real Estate Strategy 2033, the sector continues to raise marks of translucency, return on investment and investor confidence while addressing differentrequest requirements. Dubai’s real estate request remains among the world’s stylish, with a strong focus not only on invention and excellence but also stability and sustainability. 
” We continue to introduce new enterprise in the sector to advance our vision of making Dubai the world’s stylish place to live and work. The steady growth of the real estaterequest also continues to boost its donation to the D33 docket’s objects of making Dubai one of the world’s top three civic husbandry and doubling its GDP by 2033,” he added. 
Solidifying its position as a global mecca for investment, Dubai’s real estate requestachieved exceptional mileposts in 2024. The sector recorded 217,000 investments valuedat Dh526 billion, reflecting emotional growthrates of 38 and 27 percent in number and value independently. 
likewise, Dubai attracted 110,000 new investors to its real estate sector, achieving a remarkable 55 per cent increase. These unknown achievements punctuate the emirate’s commanding part in creating a world- class investment ecosystem that attracts investors from around the globe and supports the sustainable growth of the realestate sector. 
Marwan Ahmed bin Ghalita, Director- General of Dubai Land Department, said,” These pointers serve as palpable substantiation of the adaptability of Dubai’s real estate request, its capability to acclimatize to globalchanges, and its success in attracting high- quality investments. The results achieved in 2024 reflect the emirate’s ambitious visionand ongoing sweats to enhance its investment attractiveness under the guidance of our wise leadership, in line with the Dubai Economic Agenda D33, which aims to place the emirate among the top three civic husbandry.” 
He added,” The Dubai Real Estate Strategy 2033 has been a crucial motorist of this growth by fastening on doubling the sector’s donation to the GDP and fostering an intertwined ecosystem embedded in invention and technology. This approachenhances translucency and balances forceand demand. The strategy aims to attract investments from arising requests, solidifyingDubai’s position as a global mecca for realestate investment.” 
He further said,” Attracting 110,000 newinvestors to the real estate sector last time is a clear index of our sweats to enhance globalinvestor confidence. This achievementunderscores Dubai’s commitment to developing an advanced real estate terrainmanaged using state- of- the- art artificialintelligence and proptech results. These technologies play a pivotal part in boostingfunctional effectiveness and icing the satisfaction of both investors and stakeholders likewise.” 
He concluded,” The Dubai Land Department will continue working hand in hand with its mates in both the public and private sectorsto achieve farther mileposts that supportDubai’s unborn vision and contribute to realising its strategic objects. We’re confidentthat the emirate is steadily advancingtowards solidifying its position as a commanding investment destination, thanks to its advanced structure, introducingenterprise, and a long- standing heritage of invention and excellence.” 
Dubai continues to achieve transformative mileposts, reaffirming its commitment to shaping the future and realising its ambitiousthing of getting the world’s leadingdestination for real estate investment and sustainable development. Through flawlesscollaboration between the public and privatesectors, Dubai is setting new norms of profitable excellence, advancing its strategic vision and solidifying its leadership across colorful diligence.