Dubai’s real estate market reached unprecedented heights in 2024, recording sales of over AED 522.5 billion ($142.2 billion)—a 27% annual growth, according to fäm Properties’ latest report. With 181,000 transactions, a 36% yearly increase, the city has solidified its status as a global real estate leader.

Investors reaped AED 100.5 billion ($27.36 billion) in profits, driven by strong demand, cutting-edge developments, and government-backed incentives. DXB Interact highlights Dubai as an irresistible hub for property investment, thanks to unmatched returns and economic stability.

What’s Attracting Investors to Dubai?

1. Booming Economy:
Dubai’s GDP surged 3.3% in Q2 2024, reaching $31.6 billion. The real estate sector alone contributed AED 10.15 billion, representing 8.7% of GDP and a 2.6% growth in the quarter.

2. High Returns on Investment (ROI):

• Affordable apartments: 9-11% ROI (Liwan, Discovery Gardens, DIP).
• Mid-tier communities: 8.7% ROI (Motor City, Al Furjan).
• Luxury villas: 6%+ ROI (Sustainable City, Tilal Al Ghaf).

3. Population Growth:
With 4.66% growth in 2024, Dubai welcomed 470,000 new residents over five years. By 2025, the city’s population is expected to exceed 4 million, fueling real estate demand across all sectors.

4. Tourism Surge:
Dubai hosted 16.79 million visitors from January to November 2024, a 9.2% increase, reinforcing its appeal as a global destination for business, leisure, and innovation.

Primary Market Growth: 51% Surge

Off-plan developments and attractive payment plans propelled 51% transaction growth, with AED 334.1 billion in sales. Al Barsha South 4 led the primary market, recording 12,878 first sales.

Secondary Market Growth: 21% Jump

Resale transactions rose 21% to AED 188.1 billion, with key areas like Dubai Marina and Business Bay dominating activity. The average price per square foot in the secondary market grew 12% to AED 1,300, reflecting strong demand for ready properties and high rental yields.

Dubai’s Future Outlook

As population growth, tourism, and investment incentives continue to rise, Dubai’s real estate market remains poised for sustained growth. Developers and investors alike are capitalizing on the city’s global appeal and innovation-driven progress.

With record-breaking sales, unmatched returns, and continuous development, Dubai has cemented its status as the ultimate destination for real estate investment in 2024 and beyond.