893.3 billion dirhams in real estate transactions in Dubai, Abu Dhabi, Sharjah and Ajman at the end of 2024

The real estate sector in the UAE succeeded in maintaining its growth momentum during the past year 2024, at the level of real estate projects and the expansion of infrastructure investments, thus consolidating its position as one of the basic pillars supporting economic growth in the country.

The value of real estate transactions and transactions, in Abu Dhabi, Dubai, Sharjah, and Ajman, by the end of last year 2024, amounted to about 893.3 billion dirhams, while Dubai acquired the largest share, recording 760.7 billion dirhams, or 85.15% of the total.

The momentum witnessed by the real estate markets in the various emirates of the country reflects the importance of its location as a global center for real estate investments, and an attractive destination for wealthy people who play a vital role in enhancing market activity, by investing in luxury real estate.

The real estate markets in Abu Dhabi, Dubai, Sharjah and Ajman witnessed remarkable activity in the volume of real estate transactions carried out during the past year, as these markets maintained their positive rates, thanks to the diversity of investment opportunities offered and the increasing demand for real estate of various types.

Based on official data issued by local real estate departments in the four emirates, the value of real estate transactions and transactions amounted to about 893.3 billion dirhams at the end of last year, after registering more than 331.3 thousand real estate transactions, while the value of real estate mortgages exceeded 229.3 billion dirhams, representing the implementation of more than 50 million dirhams. One thousand transactions, excluding mortgages for the Emirate of Ajman.

Abu Dhabi real estate

Regarding the performance of the real estate sector in the emirates of the country during the past year, the volume of real estate transactions in Abu Dhabi amounted to about 79.3 billion dirhams for 25 thousand and 46 sales and mortgage transactions on various units by the end of 2024.

According to the “Dari” platform of the Department of Municipalities and Transport in Abu Dhabi, the total value of sales since the beginning of last year, until yesterday, amounted to more than 46.5 billion dirhams, through the implementation of 14 thousand and 816 buying and selling transactions in the emirate, distributed by 5,646 sales transactions. A ready real estate unit, and 9,169 off-plan sales transactions, while the emirate recorded 10,000 during the past 12 months. And 230 real estate mortgages, with a value of 32.8 billion dirhams.

Dubai… record numbers

In turn, the Emirate of Dubai achieved record numbers in its real estate transactions, after its value in 2024 reached more than 760.7 billion dirhams, resulting from 226 thousand transactions, as these numbers reflect the emirate’s leadership in providing diverse and attractive investment options and opportunities, which contributed to exceeding previous records. . According to the Dubai Land Department, the emirate recorded real estate sales amounting to 522 billion dirhams, after carrying out 180,000 sales transactions on various real estate units, while the value of real estate mortgages reached 187 billion dirhams until the end of 2024, representing 35 thousand real estate mortgage transactions.

Sharjah market

For its part, the Emirate of Sharjah continued to maintain the growth momentum of its real estate market, which succeeded in recording real estate transactions amounting to more than 36.4 billion dirhams for the period from January 2024 to the end of last November, including 9.5 billion dirhams for mortgages, according to the monthly reports of the Sharjah Real Estate Registration Department. .

Thanks to its high-quality real estate projects, the real estate market in the Emirate of Sharjah recorded total sales transactions that reached more than 78.6 thousand transactions executed during the same period, while the number of mortgage transactions reached 4,011 transactions.

Ajman actions

As for the value of real estate transactions in the Emirate of Ajman, it exceeded 16.9 billion dirhams during the year 2023, with an exceptional growth estimated at 43% compared to 2022, after implementing 11,500 real estate transactions, while the total trading volume reached 10.2 billion dirhams out of a total of 8,675 trading transactions, and reflected the numbers recorded in Ajman The upward trend in the performance of the real estate sector in the emirate, as the market maintained… Its rates were positive, and it witnessed exceptional activity in many real estate projects, thanks to the diversity of investment opportunities and the increasing direct demand for real estate of various types in all regions of the emirate.

According to the Department of Land and Real Estate Regulation in Ajman, the value of real estate transactions in the emirate, as of the end of last October, amounted to about 16.35 billion dirhams, representing the implementation of about 12,718 real estate transactions.

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Positive indicators

With the achievement of positive indicators for the real estate market in the various emirates of the country during the past year 2024, international reports expect that the sector will continue its upward growth in 2025, thanks to the stimulating investment environment in the country, especially with the anticipation of the implementation of many real estate projects attracting local and international investments.