Dubai’s real estate sector has witnessed remarkable growth in 2024, attracting 110,000 new investors, marking a 55% year-on-year increase, Invest-Gate reports. The total real estate transactions surpassed 2.78 mn, with transaction values reaching AED 761 bn, while registered real estate investments totaled over AED 526 bn.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, highlighted the sector’s resilience and its contribution to making Dubai a global investment hub. “The Dubai real estate sector continues to record strong growth and new milestones. We are committed to supporting this sector and enhancing its value to reach AED 1 tn by 2033. My thanks to the Dubai Land Department team, led by Engineer Marwan bin Ghalita, for their efforts in driving this success,” Sheikh Hamdan stated via his official social media account.

The Dubai real estate market’s appeal stems from its robust infrastructure, investor-friendly policies, and strategic initiatives to foster growth. These developments solidify Dubai’s position as the leading global destination for real estate investments, supported by innovation and strong governance.

With sustained momentum, Dubai’s real estate market continues to set new benchmarks, attracting international investors and reinforcing its status as a premier investment hub. Sheikh Hamdan’s vision for the sector reflects its pivotal role in shaping Dubai’s economic future.