The United Arab Emirates (UAE) real estate sector demonstrated remarkable growth throughout 2024, solidifying its position as a cornerstone of the country’s economic development. With robust infrastructure investments and an influx of high-net-worth individuals, the property markets in Abu Dhabi, Dubai, Sharjah, and Ajman witnessed significant transaction volumes, driving the sector to new heights.
Nationwide Growth and Transaction Milestones
According to official data from local real estate authorities, the UAE recorded a total transaction value of approximately AED 893 billion across over 331,300 transactions. Mortgage transactions accounted for AED 229.3 billion, with over 50,000 deals, excluding mortgages in Ajman.
Abu Dhabi Real Estate Market
In Abu Dhabi, total real estate transactions reached AED 79.3 billion by the end of 2024, with 25,046 sales and mortgage transactions recorded. The “Dari” platform, operated by the Department of Municipalities and Transport, reported AED 46.5 billion in sales through 14,816 transactions, including 5,646 ready unit sales and 9,169 off-plan property sales. Mortgage activity in Abu Dhabi also surged, recording 10,230 transactions valued at AED 32.8 billion.
Dubai Real Estate Market
Dubai continued to lead the UAE’s real estate sector with record-breaking figures. The emirate achieved over AED 760.7 billion in total transactions across 226,000 deals. Property sales reached AED 522 billion through 180,000 transactions, while mortgage transactions stood at AED 187 billion across 35,000 deals. These numbers highlight Dubai’s attractiveness to global investors and its ability to offer diverse investment opportunities.
Sharjah Real Estate Market
Sharjah’s real estate sector maintained steady growth, recording transactions worth over AED 36.4 billion between January and November 2024. Mortgage transactions accounted for AED 9.5 billion, while total sales transactions reached 78,600. The emirate’s distinctive real estate projects continued to attract both local and international buyers.
Ajman Real Estate Market
Ajman experienced a significant boost, with real estate transaction values surpassing AED 16.9 billion in 2024, reflecting a 43% growth compared to the previous year. A total of 11,500 transactions were recorded, with trade volumes hitting AED 10.2 billion across 8,675 trading activities. By October 2024, Ajman’s transactions reached AED 16.35 billion across 12,718 deals, showcasing resilience and growing demand for property investments.
Outlook for 2025
With strong performance across all emirates, industry experts predict continued growth in the UAE real estate sector for 2025. The country’s investor-friendly policies, strategic infrastructure projects, and diverse property offerings are expected to attract increased local and international investments, further reinforcing the UAE’s status as a global hub for real estate opportunities.
The sector’s upward trajectory serves as a testament to the UAE’s resilience and c
