The UAE’s real estate sector demonstrated consistent growth in 2024, marked by an expansion in infrastructure investments and real estate projects. This growth reaffirmed the sector’s role as a cornerstone of the country’s economic development and a magnet for global investors.
Real estate markets across Abu Dhabi, Dubai, Sharjah, and Ajman reported robust transaction volumes, driven by increasing demand and diverse investment opportunities. High-net-worth individuals continued to play a crucial role, particularly in the luxury real estate segment, further enhancing the UAE’s reputation as a prime destination for property investments.
According to official data, the total value of real estate transactions across the four emirates reached AED893 billion in 2024, with more than 331,300 transactions recorded. Mortgage transactions accounted for over AED229.3 billion across 50,000 deals, excluding Ajman’s mortgage data.
Abu Dhabi
Abu Dhabi reported AED79.3 billion in real estate transactions through 25,046 sales and mortgages across various property types by year-end. Sales accounted for AED46.5 billion from 14,816 transactions, including 5,646 ready units and 9,169 off-plan properties. Mortgage transactions totaled AED32.8 billion from 10,230 deals. The “Dari” platform by the Department of Municipalities and Transport facilitated these transactions, underscoring Abu Dhabi’s strong market performance.
Dubai
Dubai’s real estate market broke records with total transactions exceeding AED760.7 billion from 226,000 deals. Property sales alone reached AED522 billion through 180,000 transactions, while mortgage transactions accounted for AED187 billion from 35,000 deals. These figures highlight Dubai’s position as a leader in offering diverse and attractive investment opportunities that continue to surpass previous benchmarks.
Sharjah
Sharjah maintained steady growth, recording AED36.4 billion in real estate transactions between January and November 2024, including AED9.5 billion in mortgage transactions. The Sharjah Real Estate Registration Department reported over 78,600 sales transactions and 4,011 mortgage transactions, showcasing the emirate’s vibrant property market driven by distinctive projects.
Ajman
Ajman’s real estate sector achieved a remarkable 43% growth in 2023, with total transaction values surpassing AED16.9 billion. By October 2024, Ajman recorded AED16.35 billion in real estate transactions across 12,718 deals. Trade volumes reached AED10.2 billion through 8,675 activities, reflecting the emirate’s resilience and growing appeal to investors.
Future Outlook
With strong indicators in 2024, the UAE’s real estate sector is poised for further growth in 2025. International reports forecast increased investment activity supported by a favorable regulatory environment and the launch of new projects catering to both local and global investors. The sector’s continued dynamism underscores its critical role in shaping the UAE’s economic landscape.
