Dubai is heading to a “trillion dirhams” real estate actions before the target date

Aqaris confirmed that the Dubai Real Estate Market is heading to achieve a “trillion dirhams” real estate transactions, before the date set for it in the “Dubai Real Estate Sector Strategy 2033”.

They explained to «Emirates Today», on the sidelines of the activities of the 21st session of the IBS 2025 real estate exhibition, which concluded its work in Dubai yesterday, that real estate transactions during the past year and the first quarter of this year 2025, and the increasing demand of investors for real estate projects, new projects, as well as attractive legislation, factors that support the speed of achieving this.

The real estate sector in Dubai recorded strong growth rates and new records during the year 2024, where more than 2.78 million real estate transactions were completed, while the value of the actions amounted to 761 billion dirhams, and the Dubai Real Estate Market attracted 110,000 new investors, with a growth rate of 55%.

In detail, the Executive Director of the Real Estate Registration Sector in the Dubai Land and Property Department, Majid Saqr Al -Marri, told «Emirates Today»: “The real estate sector in Dubai is recorded ambitious in real estate behavior and sales, with the support of the continued attracting investors from different countries of the world.”

He added that «Dubai was able to accomplish real estate actions during the past year 2024 with a total value of 761 billion dirhams, with a growth of 20% compared to 2023, while real estate sales achieved remarkable growth after registering 217 thousand sales of 526 billion dirhams, and with growth of 38% in its number, 27% in its value respectively, while Dubai attracted 110 thousand new investors in the real estate sector, With a growth of 55% compared to the previous year.

He explained that «the department is working to offer many initiatives that stimulate the growth of the real estate sector, and work to reach the targets of the Dubai Strategy for the Real Estate Sector 2033», stressing that according to the current indicators, Dubai markets are heading with ambitions to achieve the transactions of the “trillion” real estate “dirhams”.

For his part, the CEO of Operations at Rivein Real Estate Development Company, Bashir Samia, said: “Dubai markets accelerate the pace to reach (trillion dirhams) in real estate actions during the coming periods and before the specified date, with the support of several factors, the most prominent of which is the market indicators of transactions, which were completed during the first quarter of this year, or that are currently taking place, and attracting more investors from Various countries to buy real estate in Dubai, whether for investment purposes or permanent residence in Dubai.

He stressed that «continuing to offer more new real estate projects in Dubai markets, during the recent period, supports diversity in the sector, and supports attracting more investors by providing supplies commensurate with the requirements of investors, especially in light of factors that support the quality of life and the attractive legislation that Dubai provides for investors to move to live in.

He continued: «According to market indicators, there is a large request from investors on the new projects presented in Dubai, in a way that enhances the expectations of access to trillion dirhams, real estate transactions within a recent period.

In the same context, the director and founder of the “Bencles Real Estate Company”, Sultan Al -Ketbi, said that “Dubai markets are witnessing a record momentum in investors’ demand for the purchase of real estate units, and the benefit of new real estate projects that support the diversity of the supply in the markets, which supports the speed of access to the Dubai Real Estate Strategy targets by raising the value of real estate transactions.”

The head of the “IBS” real estate exhibition, Dawood Al -Shizawi, agreed that “the increasing demand of investors from various nationalities to invest in Dubai real estate enhances the speed of access to the target (trillion dirhams) in real estate transactions during the coming periods, and in a way that exceeds expectations.”

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An exceptional performance during the first quarter

A recent report issued by the “Harbor Real Estate” company revealed that the real estate market in Dubai recorded an exceptional performance during the first quarter of 2025, as the total real estate actions amounted to about 194 billion dirhams, resulting in 58 thousand and 39 actions, achieving a growth of 16.8% in terms of value, and 31.5% in terms of number compared to the same period in 2024, which witnessed actions of 166 billion dirhams Through 44 thousand and 120 actions.