Real Estate in UAE achieved strong growth last year
Record sales in Dubai
The UAE real estate sector showed impressive growth last year. In 2024, real estate markets in Abu Dhabi, Dubai, Sharjah, and Ajman saw significant activity, with real estate transactions showing strong performance across the board. Growth momentum continued throughout the year, with property markets in Dubai and Abu Dhabi benefitting the most. According to official data from local real estate authorities in the four Emirates, by the end of 2024, the total value of real estate transactions reached approximately 893 billion dirhams. This highlights the UAE’s position as a global hub for property investments. UAE continues to be an attractive destination for high-net-worth individuals, playing a key role in the luxury real estate market.
Recent statistics show that the property markets in Abu Dhabi, Dubai, Sharjah, and Ajman have achieved significant growth in terms of real estate transactions. The markets performed positively due to the growing demand for various property types and diverse investment opportunities. In the four Emirates’ real estate markets, 331,300 transactions worth 893 billion dirhams were recorded in 2024. Of these, residential transactions alone exceeded 229.3 billion dirhams. Excluding residential sales, there were 50,000 transactions in Ajman. In Abu Dhabi, real estate transactions amounted to 79.3 billion dirhams, with 25,046 sales across various property types. Additionally, Dubai set a record with 226,000 transactions, amounting to 760.7 billion dirhams in sales. Sharjah’s real estate market also showed strong growth, with 78,600 transactions worth 36.4 billion dirhams recorded through November last year.
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