UAE Real Estate Witnesses Steady Growth In Projects And Record Transactions In 2024

The real estate sector of the UAE maintained its growth momentum throughout 2024, marked by a surge in real estate projects and infrastructure investments. The property markets in Dubai, Sharjah, Abu Dhabi, and Ajman marked significant activity in transaction volumes over the past year.

Emirates News Agency, citing official data from the local real estate authorities of the four emirates, reported that the total value of real estate transactions reached approximately AED893 billion by the end of 2024. In Abu Dhabi, the total real estate transactions amounted to AED79.3 billion through 25,046 sales and mortgage transactions across various property types.

Dubai also secured record-breaking real estate transaction values in the previous year, totalling over AED760.7 billion from 226,000 transactions. Meanwhile, Sharjah marked transactions worth over AED36.4 billion between January and November 2024, including AED9.5 billion in mortgage transactions.