UAE Real Estate Market Overview
The total value of real estate transactions across the four significant emirates — Abu Dhabi, Dubai, Sharjah, and Ajman — reached approximately Dh893 billion by the end of 2024, with over 331,300 transactions recorded, data showed.
Except for mortgages in Ajman, official data from the local real estate authorities of the four emirates shows that mortgage transactions alone totaled over 50,000 transactions and topped Dh229.3 billion.
Due to a wide range of investment options and rising demand for different kinds of real estate, the property markets in the four largest emirates saw a notable increase in transaction volumes over the previous year, sustaining good performance.
Abu Dhabi Property Market Performance
By the end of 2024, 25,046 sales and mortgage transactions involving various property types in Abu Dhabi totaled Dh79.3 billion in real estate transactions.
The Department of Municipalities and Transport in Abu Dhabi’s “Dari” platform revealed that 14,816 sales and buy transactions totaling more than Dh46.5 billion have been made since the year’s beginning. These comprised 9,169 transactions for off-plan properties and 5,646 transactions for ready apartments. The emirate reported ten thousand two hundred thirty mortgage transactions of Dh32.8 billion during the previous 12 months.
Dubai’s Record-Breaking Year
Dubai achieved record-breaking real estate transaction values in 2024, totaling over Dh760.7 billion from 226,000 transactions. These numbers demonstrate Dubai’s dominant position in providing a wide range of alluring investment options that have eclipsed historical highs.
The Dubai Land Department reports that 180,000 sales transactions involving various property types brought the emirate’s total property sales to Dh522 billion. Mortgage transactions amounted to Dh187 billion from 35,000 mortgages by the end of 2024.
Sharjah Real Estate Growth
According to monthly reports from the Sharjah Real Estate Registration Department, Sharjah’s real estate sector grew robustly, recording transactions totaling over Dh36.4 billion between January and November 2024, including Dh9.5 billion in mortgage transactions.
During that time, over 78,600 total sales transactions were made possible by Sharjah’s unique real estate projects, including 4,011 mortgage transactions.
Ajman’s Market Development
In 2023, Ajman’s real estate transaction prices topped Dh16.9 billion, a staggering 43% increase over 2022. Eleven thousand five hundred real estate transactions were executed, with total trade volumes reaching Dh10.2 billion across 8,675 trading activities.
According to Ajman’s statistics, the real estate industry is on the rise, performing well across various projects due to multiple investment options and the emirate’s expanding demand for different kinds of real estate.
According to the Ajman Department of Land and Real Estate Regulation, by the end of October 2024, the emirate’s real estate transactions totaled Dh16.35 billion, comprising roughly 12,718 transactions. This indicates the property market’s strength and variety of investment possibilities.
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Future Outlook
The UAE’s reputation as a major global center for real estate investments and a desirable location for wealthy people, who are essential in boosting market activity, especially in luxury real estate, was highlighted by the thriving real estate markets throughout the emirates.
With promising signs for the UAE’s real estate markets in 2024, foreign sources forecast further expansion in 2025, bolstered by the favorable investment climate in the nation and the expected completion of several new real estate projects that will draw domestic and foreign investments.
