The UAE’s real estate market reach new highs in last year, with transactions worth AED 893 billion across Abu Dhabi, Dubai, Sharjah, and Ajman. A total of 331,300 deals showcased the sector’s strength and its appeal as a global investment destination.
Dubai: Leading the Way
Dubai led the market with AED 760.7 billion in transactions from 226,000 deals. This included:
- Property sales: AED 522 billion from 180,000 transactions.
- Mortgages: AED 187 billion from 35,000 deals.
The city’s investor-friendly environment continues to attract buyers from around the world, cementing its reputation as a real estate leader.
Abu Dhabi: Stable Growth
Abu Dhabi’s real estate market recorded AED 79.3 billion in transactions, including 25,046 sales and mortgages. Sales reached AED 46.5 billion from 14,816 transactions, driven by 5,646 ready units and 9,169 off-plan properties. Mortgage transactions added AED 32.8 billion through 10,230 deals. The Department of Municipalities and Transport’s “Dari” platform has played a crucial role in streamlining these processes.
Sharjah: Thriving in Diversity
Sharjah’s property market also made waves, recording AED 36.4 billion in transactions between January and November 2024. The emirate processed 78,600 sales transactions and 4,011 mortgage deals, with AED 9.5 billion attributed to mortgages. The variety of offerings in Sharjah’s real estate sector continues to appeal to a wide audience of investors and residents.
Ajman: A Rising Star
Ajman’s real estate sector demonstrated remarkable growth, achieving AED 16.35 billion in transactions by October 2024. This comprised 12,718 deals, reflecting the emirate’s steady rise as a promising investment hub. Ajman’s market had already showcased robust growth in 2023 with a 43% year-on-year increase.
Mortgage Transactions: A Major Contributor
Mortgage transactions across the UAE reached AED 229.3 billion through 50,000 deals, excluding figures from Ajman. This underscores the confidence of both individuals and institutions in leveraging real estate as a long-term asset.
Looking Ahead: 2025 and Beyond
The UAE’s real estate market is poised for continued growth in 2025, supported by its vibrant investment climate and ambitious upcoming projects. With a track record of resilience and innovation, the sector remains a cornerstone of the nation’s economy, offering lucrative opportunities for investors worldwide.
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