Dubai’s real estate sector reached a historic milestone in 2024, recording 2.78 million transactions, including property sales and rental agreements a 17% increase from 2023.
In a statement, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, highlighted the sector’s achievements. “The outstanding results in 2024 showcase the strong foundation and resilience of our economy, which continues to prosper in an ever-evolving global environment.”
He added, “Dubai’s real estate sector remains one of the world’s finest. We consistently introduce new initiatives to further our vision of making Dubai the best city to live and work in.”
“The leadership’s strategic objectives, outlined in the Dubai Economic Agenda D33, have reinforced the emirate’s status as a global hub for investment, trade, and innovation. These initiatives have significantly boosted Dubai’s attractiveness as both a lifestyle and investment destination, fueling the growth of the real estate sector.”
In 2024, the sector recorded 217,000 investments valued at Dh526 billion. Marwan Ahmed Bin Ghalita, Director-General of the Dubai Land Department, attributed the growth to the Dubai Real Estate Strategy 2033, which promotes transparency, balances market supply and demand, and attracts investors from emerging markets.
Dubai’s real estate sector remains resilient, driven by strategic initiatives and strong investor confidence, ensuring its position as one of the world’s most dynamic property markets.
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