

As of January 27, 2025, the Dubai real estate market has achieved remarkable success, recording a staggering AED 761 billion (approximately $207 billion) in transactions during 2024. This milestone reflects a 20% increase in value compared to the previous year and demonstrates the resilience and attractiveness of Dubai as a global investment hub.
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Record-Breaking Transactions
In 2024, the number of real estate transactions in Dubai surged to around 226,000, marking a 36% increase year-on-year. This surge is indicative of the strong demand for properties across various segments, from luxury villas to affordable housing. The significant growth in transaction volume highlights Dubai’s ability to attract both local and international investors.
“The exceptional results in 2024 reflect our economy’s deep strength and resilience, which continues to thrive in a rapidly changing global landscape. The leadership’s visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate’s position as an international hub for investment, trade, and innovation and enhanced its global appeal as a lifestyle and investment destination, all of which have catalysed the real estate market.” 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
Factors Driving Growth
Several key factors have contributed to the record-breaking performance of the Dubai real estate market:
- Economic Resilience: The UAE’s economy has shown robust growth, with a projected GDP growth rate of 4% for 2024. This economic stability fosters investor confidence and encourages more individuals to invest in real estate.
- Increased Foreign Investment: Dubai welcomed approximately 110,000 new investors into its real estate sector in 2024, reflecting a 55% increase compared to the previous year. The city’s strategic location, tax-free environment, and favorable regulations make it an attractive destination for foreign capital.
- Diverse Property Offerings: The market has seen a balanced demand for both luxury and affordable housing. While high-end properties continue to attract significant attention, there is also a growing interest in more budget-friendly options, catering to a wider audience.

Government Initiatives and Policies
The government of Dubai has implemented various initiatives to support the real estate sector. These include:
- Long-Term Visas: The introduction of long-term residency visas for investors and property buyers has enhanced the appeal of Dubai’s real estate market. This policy provides stability and encourages long-term investments.
- Infrastructure Development: Continuous investments in infrastructure and urban development have improved the overall living experience in Dubai, making it more desirable for residents and investors alike.
Future Outlook
Looking ahead, experts anticipate that the Dubai real estate market will continue its upward trajectory. With ongoing economic diversification efforts and strategic urban planning, Dubai is well-positioned to maintain its status as a leading global real estate destination. The government’s commitment to enhancing the sector aims to elevate its total value to AED 1 trillion by 2033, further solidifying its importance on the world stage.
Conclusion
The record-breaking AED 761 billion in transactions for 2024 underscores the strength and resilience of the Dubai real estate market. With favorable economic conditions, increasing foreign investment, and supportive government policies, Dubai is set to remain an attractive destination for investors looking for opportunities in the ever-evolving property landscape. As we move into 2025, all eyes will be on Dubai as it continues to redefine itself as a global leader in real estate investment.
About XE SQUARE CAPITAL REAL ESTATE LLC
XE SQUARE CAPITAL REAL ESTATE LLC has built a strong reputation across Dubai by offering dedicated personal consultants who deliver exceptional service. Their success in high-profile areas like Palm Jumeirah, Downtown Dubai, and Muhammad Bin Rashid City proves their effectiveness.
By combining personalized service with advanced technology, XE SQUARE CAPITAL REAL ESTATE LLC sets new standards in the real estate industry, staying ahead in Dubai’s competitive market.
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