Dubai's real estate sector shattered records in 2024, achieving 180,987 transactions worth AED522.5 billion ($142.3 billion), according to Property Finder. This marks a 36.5% rise in volume and a 27.2% increase in value compared to the previous peak in 2023.

Off-Plan Market Soars

Off-plan sales dominated the market, accounting for 60.5% of transactions—up from 43.6% last year. With 109,527 transactions worth AED228 billion ($62.1 billion), the off-plan segment recorded its highest-ever volume and value, signaling robust investor confidence.

Secondary Market Growth

Transactions in the secondary market also rose, with 71,460 deals worth AED294.5 billion ($80.2 billion). This represents a 10.9% growth in volume and a 16.9% increase in value year-on-year, highlighting strong demand across all property types.

Trends Shaping 2025

Experts predict continued growth in 2025, driven by sustained demand and limited supply in key segments. Around 41,000 new residential units are expected, but only 5,000 will be villas and townhouses—underscoring a supply gap in the high-demand luxury segment.

“Private developers are raising the bar with high-quality projects, meeting growing expectations from buyers and tenants,” said Sam McCone, Managing Partner at McCone Properties. With Dubai's population growing by 50,000–60,000 annually and rising interest in affordable housing and off-plan investments, the city's real estate market is set for another strong year.