Record-Breaking Year for Dubai Real Estate: Transaction Volume Exceeds $142 Billion

In 2024, Dubai’s real estate market reached new heights, recording 180,987 transactions worth AED 522.5 billion ($142.3 billion). According to Property Finder, this represents a 36.5% increase in volume and a 27.2% rise in value compared to the previous record year, 2023.

Key Trends of 2024

Growth in Off-Plan Sales

– Share of off-plan transactions: 60.5% of total transactions, compared to 43.6% in 2023.
– Number of transactions: 109,527, setting an all-time record.
– Transaction value: AED 228.03 billion ($62.1 billion), a 43.5% increase from 2023.
– Reasons for popularity: Attractive pricing, flexible payment plans, and strong investor confidence in future developments.

Secondary Market Sales

– Number of transactions: 71,460, a 10.9% year-on-year increase.

– Transaction value: AED 294.5 billion ($80.2 billion), a 16.9% year-on-year growth.

– Highlights: Limited supply of villas and townhouses, enhancing their desirability.

Key Market Factors in 2024

Villa and Townhouse Shortage:
Only 5,000 units of this type of housing are expected to be delivered in 2025, driving demand for both ready and under-construction properties.

Affordable Housing Segment:
Rising rental rates have spurred interest in smaller and more affordable apartments.

Infrastructure Improvements:
Ongoing urban development creates favorable conditions for attracting new residents, with 50,000–60,000 people moving to Dubai annually.

Why Invest in Dubai Real Estate?

Record-Breaking Transaction Volumes: Consistent market growth year after year.

High Returns: Attractive off-plan properties and increasing rental demand.

Global Investment Hub: Dubai remains a key destination for international investors.

SPI Dubai: Your Partner for Successful Investments

SPI Dubai offers a comprehensive range of services for buying real estate in Dubai:

Tailored property selection to meet your goals.

Full transaction support.

Expert investment advice.

Contact us today to access the best opportunities in Dubai’s real estate market