The UAE’s real estate sector recorded an impressive AED893 billion in transaction values in 2024, driven by increased infrastructure investments and a surge in real estate projects. The industry remains a vital pillar of the nation's economy, attracting global investors and high-net-worth individuals.
Dubai led the market with AED760.7 billion from 226,000 transactions, including AED522 billion in sales and AED187 billion in mortgages, according to the Dubai Land Department. Meanwhile, Abu Dhabi’s property transactions reached AED79.3 billion across 25,046 deals. Sales contributed AED46.5 billion, while mortgages totaled AED32.8 billion.
Sharjah recorded over AED36.4 billion in real estate transactions, including AED9.5 billion in mortgages, supported by more than 78,600 sales. Ajman reported AED16.9 billion in transaction values, reflecting a 43% growth from 2023, with 12,718 deals executed by the end of October.
With positive performance across all emirates, the UAE real estate market is poised for further growth in 2025, supported by new projects and a favorable investment climate.
News Source: Emirates News Agency
