Dubai’s real estate sector has announced that it recorded a total of 2.78 million transactions in 2024, the highest in the sector’s history.
Publish dateMonday 27 January 2025 - 19:34
According to Amac News: These operations, which include property transactions and lease agreements, represent a 17% increase compared to 2023.
Real estate transactions alone reached 226,000 cases with a total value of AED 761 billion, representing a significant growth of 36% in volume and 20% in value compared to the previous year.
Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, and Chairman of the Dubai Executive Council, attributed the performance of Dubai’s real estate sector to its dynamic economy, strong infrastructure, advanced policies and global investment ecosystem.
“The exceptional results in 2024 demonstrate the deep strength and resilience of our economy. Dubai’s real estate market is among the best in the world. We focus on innovation and excellence, stability and sustainability,” he said.
Dubai, cementing its position as a global hub for investment, recorded 217,000 investments worth AED 526 billion in 2024, representing a significant growth of 38% and 27% in number and value, respectively.
In addition, Dubai attracted 110,000 new investors to its real estate sector, representing an increase of 55%.
Marwan Ahmed Bin Ghalitha, Director General of Dubai Land Authority, said that these indicators demonstrate the resilience of Dubai’s real estate market, its ability to adapt to global changes and its success in attracting high-quality investments.
Real estate transactions alone reached 226,000 cases with a total value of AED 761 billion, representing a significant growth of 36% in volume and 20% in value compared to the previous year.
Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, and Chairman of the Dubai Executive Council, attributed the performance of Dubai’s real estate sector to its dynamic economy, strong infrastructure, advanced policies and global investment ecosystem.
“The exceptional results in 2024 demonstrate the deep strength and resilience of our economy. Dubai’s real estate market is among the best in the world. We focus on innovation and excellence, stability and sustainability,” he said.
Dubai, cementing its position as a global hub for investment, recorded 217,000 investments worth AED 526 billion in 2024, representing a significant growth of 38% and 27% in number and value, respectively.
In addition, Dubai attracted 110,000 new investors to its real estate sector, representing an increase of 55%.
Marwan Ahmed Bin Ghalitha, Director General of Dubai Land Authority, said that these indicators demonstrate the resilience of Dubai’s real estate market, its ability to adapt to global changes and its success in attracting high-quality investments.
amacnews.com/vdcf.1d0iw6dvt7raw.html
Source : news agency wam
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