Dubai Real Estate Market Report 2024: Record Growth and Key Insights

Key Findings at a Glance

Here are some of the standout trends from the report:

• Sales Transactions Soar: Total sales surged by 40.3%, with 170,992 units sold, reaching a total value of AED 429.5 billion—an increase of 32.5% year-on-year.

• Record Rental Growth: With Dubai’s population growing by over 169,000 residents in 2024, rental demand pushed total leasing values up by 22.6%, while rents rose by 10-20% in key communities.

• Luxury Real Estate Shines: Transactions above AED 10 million grew by 20.5%, with new communities like Palm Jebel Ali and The Oasis offering exciting opportunities alongside established hubs such as Palm Jumeirah.

What the Report Covers

Our detailed market report delves into every aspect of Dubai’s residential real estate landscape, including:

• Sales Trends: Insights into off-plan and secondary markets, key drivers of growth, and performance across apartments, villas, and townhouses.

• Rental Market Dynamics: Population growth, leasing trends, and the impact of rising rental prices.

• Luxury Real Estate: A deep dive into the ultra-luxury segment, including high-profile transactions and emerging luxury communities.

• Economic Outlook for 2025: Predictions for market performance, including GDP growth, global trends, and anticipated supply and demand shifts.

• Community Insights: Performance highlights of key neighborhoods, both established and emerging.

Download the Full Report

Don’t miss out on the full picture of Dubai’s record-breaking year in real estate. Download the Engel & Völkers Dubai Real Estate Market Report 2024 now for detailed insights, expert analysis, and the data you need to stay ahead in the market.