Dubai’s real estate market has seen an exceptional rise in transaction volumes in recent years, indicating its growing popularity. Here’s a breakdown of the total transactions from 2022 to 2024:
- 2022: The market recorded 122,658 transactions worth AED 528 billion (approximately USD 144 billion). This year witnessed a massive 44.7% rise in transaction volume over 2021, indicating the start of a solid recovery and growth period following the pandemic.
- 2023: The overall number of transactions increased to 166,000, totaling AED 634 billion (about USD 173 billion). Transaction volume climbed by 35.4% from 2022, while value increased by 20.1%
- 2024: A record-breaking 223,904 transactions for AED 753.6 billion (roughly USD 205.2 billion) were recorded. This shows a significant increase in investor activity and market confidence, with volume up 34.8% and value up 18.8% compared to 2023. The high increases reflect growing interest for both off-plan and ready properties.
From 2022 to 2024, there is a clear rising tendency in the trajectory, with 2024 being the peak year. Market strength and development are shown in the volume growth rate increasing from 35.4% in 2022–2023 to 34.8% in 2023–2024.
H2: The Rise of Off-Plan Properties
An impressive 60.6% of all home sales in 2024 were off-plan, up significantly from 54% in 2023; the remaining 39.4% were for ready-to-move residences. In the last three months of the year, off-plan sales reached their highest point, accounting for 53% of all transactions and producing a value of AED 61.69 billion. The developers’ flexible payment plans and big profit potential demonstrate a strong belief in Dubai’s future prospects.
H2: High Rental Yields Attract Investors
Dubai is particularly attractive as an investment center because of its high rental returns. Apartments typically have yields of 6% to 8% per year, whereas villas usually yield 5% to 6%. In several large cities around the world, like New York or London, the yields are lower than 4%. Downtown Dubai, Dubai Marina, and Jumeirah Village Circle are popular areas to live in because they provide a variety of benefits, resulting in strong demand and occupancy rates.
H2: Government Policies Fueling Investment
Investors’ interest in Dubai’s real estate market has been kept alive in large part by government programs. If you spend at least AED 2 million (USD 544,600), the Golden Visa Program will give you a residency visa good for 10 years.
The emirate also has tax advantages: there are no income or capital gains taxes, so investors can get the best returns possible. These steps make Dubai a more desirable place to invest by motivating current investors to increase their stakes.
H2: Urban Development
Sustainable growth is a top priority for the Dubai 2040 Urban Master Plan, which includes more green areas and better transportation links. New investment hotspots are being made possible by projects like Dubai South or Expo City. These changes are in line with Dubai’s plan to handle its growing population and make the city even more attractive.
H2: Population Growth and Housing Demand
Dubai’s population is growing, reaching approximately 3.85 million by early 2025, with expatriates comprising 87% of the total. This expansion has increased demand for both residential and commercial buildings. The expatriate community, in particular, helps to diversify the housing options and support the market.
H2: Closing Perspective
Due to investor-friendly policies, strong rental yields, and off-plan sales, the emirate is experiencing rapid growth and shows an attractive combination of short-term profits and long-term value. As ambitious urban projects and a growing population add to its attraction, Dubai remains a top investment destination in 2025 and afterward.
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