Dubai’s real estate market closed 2024 with new records for transactions and sales volume.
New data from UAE-based fäm Properties has determined Dubai recorded 180,900 real estate transactions in 2024, up 36% from the 133,100 sales in 2023. The total sum from the transactions was $142 billion, up 27% from the $112 billion generated one year earlier.
According to Zawya.com, Dubai experienced a 42% year-on-year increase in the volume of apartment sales with 141,168 transactions, while the 30,938 villa sales was up 21.1% from the previous year. Commercial property transactions increased by 10.1% in volume to 4,304 units.
“This was a remarkable year for Dubai real estate, with transaction volumes growing despite global economic uncertainties, indicating resilient demand and an expanding buyer base,” said Firas Al Msaddi, CEO of fäm Properties. “Sales values broke historical records, and with strong rental demand, and luxury resilience, the market continues to attract global investors, reinforcing its status as a top real estate destination.”
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