Dubai’s government revenues from the real estate sector surged by 20.6% in 2024, reaching AED 20.9 bn compared to AED 16 bn in 2023. Monthly revenues averaged AED 1.74 bn, up from AED 1.33 bn in the previous year, driven by the 4% registration fees imposed on property transactions, Invest-Gate reports.

From 2021 to 2024, the Dubai government amassed a total of AED 53.6 bn from real estate sales. Annual revenues rose progressively during this period: AED 20.9 bn in 2024 (AED 1.74 bn monthly), AED 16 bn in 2023 (AED 1.33 bn monthly), AED 10.7 bn in 2022 (AED 625 mn monthly), and AED 6 bn in 2021 (AED 500 mn monthly).

The total market sales exceeded AED 522 bn in 2024, resulting from 180,000 transactions. Additionally, overall real estate activities in Dubai reached a record AED 760.7 bn, spanning 226,000 transactions—a growth of 19.8% in value and 36.1% in volume compared to 2023.

This remarkable growth underscores the strength and resilience of Dubai’s real estate sector, a cornerstone of the emirate’s economy, attracting investors and bolstering government revenues.