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The Dubai real estate market has experienced sustained growth in recent years, consolidating its position as a global benchmark in 2024. This boom has been driven by new projects under development and favorable payment conditions that have attracted both local and international investors.
In 2024, Dubai recorded a total of 180,900 real estate transactions, with a cumulative value of AED 522.1 billion. These figures represent an increase of 36% in transaction volume and 27% in monetary value compared to 2023.
The growth also reflects an increase in buyer confidence, backed by policies that facilitate accessible payments and attractive incentives, such as residency through investment and visa reforms. These conditions have attracted the interest of a growing foreign investor base.
Firas Al Msaddi, CEO of fäm Properties, highlighted that, despite global economic uncertainty, the Dubai real estate market has shown extraordinary resilience. This performance consolidates Dubai as a premier real estate destination, backed by robust and expanding demand.
The forecast for 2025 is encouraging, with expectations of sustained growth. This optimism is supported by the strong performance of 2024 and the introduction of a new system designed to regulate and further develop the sector.
In 2025, Dubai will launch the Smart Rental Index, an innovative tool for evaluating and calculating both new rents and renovations. This system seeks:
- Promote trust and transparency in the market.
- Provide accurate and up-to-date data for landlords and tenants.
- Regulate rental prices, especially in a context where demand exceeds supply.
The main objective of the index is to stabilize the market in the face of the continuous increase in rental prices. Without adequate regulation, this trend could continue to affect the accessibility of the sector for residents and investors.
With innovative initiatives and a focus on transparency, Dubai's real estate sector is poised to continue to lead on the global stage. The introduction of the Smart Rental Index will not only regulate the market, but will also strengthen its appeal to an international audience.
For more information about the real estate sector in Dubai you can check out our blog:Property investment in Dubai
