The UAE real estate sector, as one of the key pillars of the country's economic growth, witnessed an increase in construction projects and infrastructure investments during 2024.
Publish dateMonday 6 January 2025 - 00:39
According to Amac News: Based on the UAE media reports, the real estate markets of Abu Dhabi, Dubai, Sharjah and Ajman witnessed significant activity in the volume of transactions last year, and due to investment opportunities and growing demand for different types of real estate, they performed positively. kept
According to official data from the local real estate authorities of the four emirates, the total value of real estate transactions reached approximately 893 billion dirhams by the end of 2024, with more than 331,300 transactions recorded.
Mortgage transactions alone exceeded AED 229.3 billion and included more than 50,000 transactions, not including Ajman-related loans.
In Abu Dhabi, the total value of real estate transactions reached 79.3 billion dirhams, which included 25,046 sales and mortgage transactions in various types of properties by the end of 2024.
The Dari platform, launched by the Abu Dhabi Municipalities and Transport Authority, reported that the total value of sales reached more than 46.5 billion dirhams since the beginning of the year, through 14,816 buying and selling transactions.
These transactions included 5,646 transactions for ready units and 9,169 for off-plan properties. In the past 12 months, the emirate recorded 10,230 mortgage transactions worth 32.8 billion dirhams.
Dubai achieved record highs in real estate transaction value in 2024, with the emirate's total transaction value reaching more than AED 760.7 billion from 226,000 transactions.
According to the Dubai Land Authority, real estate sales in the emirate reached 522 billion dirhams through 180,000 sales transactions in various types of properties. Mortgage transactions reached 187 billion dirhams from 35,000 mortgages by the end of 2024.
Sharjah also maintained strong growth in its real estate sector, recording transactions worth more than Dh36.4 billion between January and November 2024, including Dh9.5 billion in mortgage transactions, according to monthly reports from the Sharjah Land Registry.
Distinctive real estate projects in Sharjah facilitated more than 78,600 sales transactions during the same period, and 4,011 mortgage transactions were also recorded.
In Ajman, the value of real estate transactions reached more than 16.9 billion dirhams in 2023, representing a significant growth of 43% compared to 2022. A total of 11,500 transactions were made in this real estate emirate, and the total trade volume reached 10.2 billion dirhams in 8,675 trading activities.
These figures in Ajman reflect the upward trajectory of its real estate sector, with strong performance across multiple projects due to diverse investment opportunities and growing demand for various types of properties across the emirate.
The Ajman Lands and Real Estate Regulatory Authority reported that the value of real estate transactions in the emirate reached 16.35 billion dirhams by the end of October 2024, comprising approximately 12,718 transactions.
According to official data from the local real estate authorities of the four emirates, the total value of real estate transactions reached approximately 893 billion dirhams by the end of 2024, with more than 331,300 transactions recorded.
Mortgage transactions alone exceeded AED 229.3 billion and included more than 50,000 transactions, not including Ajman-related loans.
In Abu Dhabi, the total value of real estate transactions reached 79.3 billion dirhams, which included 25,046 sales and mortgage transactions in various types of properties by the end of 2024.
The Dari platform, launched by the Abu Dhabi Municipalities and Transport Authority, reported that the total value of sales reached more than 46.5 billion dirhams since the beginning of the year, through 14,816 buying and selling transactions.
These transactions included 5,646 transactions for ready units and 9,169 for off-plan properties. In the past 12 months, the emirate recorded 10,230 mortgage transactions worth 32.8 billion dirhams.
Dubai achieved record highs in real estate transaction value in 2024, with the emirate's total transaction value reaching more than AED 760.7 billion from 226,000 transactions.
According to the Dubai Land Authority, real estate sales in the emirate reached 522 billion dirhams through 180,000 sales transactions in various types of properties. Mortgage transactions reached 187 billion dirhams from 35,000 mortgages by the end of 2024.
Sharjah also maintained strong growth in its real estate sector, recording transactions worth more than Dh36.4 billion between January and November 2024, including Dh9.5 billion in mortgage transactions, according to monthly reports from the Sharjah Land Registry.
Distinctive real estate projects in Sharjah facilitated more than 78,600 sales transactions during the same period, and 4,011 mortgage transactions were also recorded.
In Ajman, the value of real estate transactions reached more than 16.9 billion dirhams in 2023, representing a significant growth of 43% compared to 2022. A total of 11,500 transactions were made in this real estate emirate, and the total trade volume reached 10.2 billion dirhams in 8,675 trading activities.
These figures in Ajman reflect the upward trajectory of its real estate sector, with strong performance across multiple projects due to diverse investment opportunities and growing demand for various types of properties across the emirate.
The Ajman Lands and Real Estate Regulatory Authority reported that the value of real estate transactions in the emirate reached 16.35 billion dirhams by the end of October 2024, comprising approximately 12,718 transactions.
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Source : news agency wam
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