Important Information About the Dubai Real Estate Market:
- The Dubai real estate market is witnessing a significant increase in transaction volume and value. According to the Dubai Land Department, the number of real estate transactions in 2024 reached approximately 226,000 deals with a total value of approximately AED 761 billion, representing an increase of approximately 36% in volume and 20% in value in just one year.
- Furthermore, the residential property price index rose by approximately 18% during the same period.
- Rents also increased by approximately 18% in some areas of Dubai last year. This indicates a general trend towards rising rents, although there is no documented, uniform percentage for all areas.
- Dubai recorded more than 18 million international visitors in 2024, a 9% year-on-year increase, according to the Department of Economy and Tourism.
- Dubai International Airport recorded 93 million passengers in 2024, the highest number in the airport’s history.
- The number of e-commerce business licenses issued jumped to 95,543 in 2024, compared to 16,584 in 2021.
- Dubai topped the global rankings for foreign direct investment for the fourth consecutive year.
- The UAE leads the world in net inflows.