Dubai Real Estate Market in 2024: Unprecedented Growth

Dubai

Dubai’s real estate market experienced an exceptional year in 2024, driven by record demand in both the residential and commercial sectors. According to the 2024-2025 annual report by Cushman & Wakefield Core, rental and transaction prices have reached historic levels.

A Record-Breaking Year for Dubai’s Real Estate Market

Dubai’s property market recorded historic performances in 2024, with 180,900 transactions totaling AED 522.1 billion, reflecting increased buyer confidence and strong developer activity.. Property sale prices increased by 18% and office rental rates surged by 22%, with a further increase of 10-12% expected in 2025.

This upward trend is largely driven by a significant influx of investors and expatriates attracted to Dubai’s economic stability and tax benefits.

A Dynamic and Competitive Market

Access to large office spaces is becoming increasingly challenging for major companies, pushing them to act quickly on deals or explore new developing districts. 

In the luxury real estate sector, Dubai is attracting a rapidly growing affluent population, leading to a surge in high-end property sales. New waterfront developments present promising investment opportunities, with a particular focus on residences overlooking the marina or artificial islands.

Resale figures from 2024 highlight a rising interest in ready-to-move-in properties, largely due to high rental yields that appeal to investors. Additionally, continuous infrastructure improvements are further enhancing property value and attractiveness.

What’s Next for 2025 and Beyond?
 

Demand shows no signs of slowing down, and forecasts indicate continued market growth in 2025, despite the introduction of new projects. However, between 2026 and 2027, the completion of major developments and new regulations are expected to help balance supply and demand, reinforcing market stability.

 

Why Invest in Dubai in 2024?

With high rental yields and strong capital appreciation potential, Dubai remains one of the most attractive destinations for real estate investors.

ELLE REAL ESTATE offers high-yield investment properties with excellent ROI rates. Contact us today to explore our top opportunities and maximize your real estate returns in Dubai!

Join The Discussion

Compare listings

Compare