Setting sights on Dh1 trillion real estate transactions in Dubai
- Uncategorized
- March 19, 2025
Dubai’s status as a global business hub will continue to fuel demand and the real estate developers are expected to deliver more than 40,000 residential units this year.
Dubai’s real estate market will continue its remarkable performance this year and is on track to achieve a milestone of Dh1 trillion transactions due to strong housing demand especially in the mid-market and affordable segments, experts say.
Leading executives, analysts and property market experts said sales prices in the affordable and mid-market segment should start to moderate thanks to steady residential supply coming online throughout the year. They are of the view that Dubai’s status as a global business hub will continue to fuel demand and the real estate developers are expected to deliver more than 40,000 residential units this year.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, recently tweeted that Dubai’s real estate sector is a pillar of strength and resilience, playing a vital role in driving the city’s economy.
“With a vision to raise its value to Dh1 trillion by 2033, we are dedicated to advancing this vital sector through innovation and excellence. We look forward to new milestones and initiatives that solidify Dubai’s position as the world’s leading real estate destination,” Sheikh Hamdan said.
Dubai’s property sector achieved an impressive growth last year by recording a 17 per cent year-on-year increase in real estate procedures, which climbed to 2.78 million with transactions alone registered 20 per cent year-on-year growth and valued at Dh761 billion. The sector also attracted investments of over Dh526 billion and welcomed 110,000 new investors, indicating a remarkable growth of 55 per cent.
“The exceptional result of the real estate sector in 2024 reflects the deep strength and resilience of Dubai’s economy, which continues to thrive in a rapidly changing global landscape as per the objectives outlined in the Dubai Economic Agenda D33,” Sheikh Hamdan said.
Global Business Hub
Leading executives, analysts and property market experts said sales prices in the affordable and mid-market segment should start to moderate thanks to steady residential supply coming online throughout the year. They are of the view that Dubai’s status as a global business hub will continue to fuel demand and the real estate developers are expected to deliver more than 40,000 residential units this year.
