Dubai Real Estate Investors Achieve Record Profits of Nearly AED 60 Billion in 2024
Investors in the Dubai real estate market achieved exceptional profits, totaling almost AED 60 billion from re-sales in 2024, setting a new record.
A report released by fäm Properties revealed that the secondary market contributed AED 59.7 billion in capital gains last year, accounting for 32% of Dubai’s all-time high total re-sale value, which reached AED 188.1 billion in 2024.
The increase in re-sale profits reflects the growing value of real estate investments in Dubai, highlighting its appeal to global investors. The total re-sale value of Dubai’s real estate market surged by 34% compared to 2023, marking a stunning 1300% growth over the past five years. Data collected from DXBinteract, which covers 136 areas across the emirate, showed that Palm Jumeirah led the way with the highest capital gain, reaching AED 6.48 billion.
Key residential neighborhoods such as Dubai Marina, Dubai Hills Estate, Downtown Dubai, and Business Bay were also among the top ten areas generating the most significant annual capital gains. Jumeirah Village Circle, which was also the top performer for ready property sales by developers in 2024, ranked second in total re-sale transactions, following Dubai Marina.
Firas Al Msaddi, CEO of fäm Properties, commented: “The remarkable capital gains realized by investors emphasize the robust dynamics of the market, as well as the success of our regulatory system, efficiently managed by a visionary government.”
He added, “We anticipate that these profits will inspire reinvestment and attract fresh capital as investors recognize the long-term stability and growth potential of Dubai’s real estate sector.”
“We commend the Dubai Land Department for their innovative initiatives in 2024 and eagerly anticipate further improvements in 2025, reinforcing Dubai’s position as a global leader in real estate.”
The total re-sale figures for 2024 marked a record-breaking year, with a 21% increase in value and a 14% rise in volume, reaching 61,100 transactions year-over-year. This shift reflects a preference for ready homes, with investors attracted by high rental yields and ongoing infrastructure developments enhancing the appeal of properties.
Dubai’s real estate market saw growth across all property segments, with a notable 42% year-on-year increase in the volume of apartment sales, which amounted to AED 260.6 billion through 141,168 transactions. Villa sales rose by 21.1% to AED 164.1 billion from 30,938 units, while commercial property transactions grew by 10.1% in volume, reaching 4,304 units valued at AED 9.7 billion. Land plot sales also showed a 2.6% increase, totaling AED 86.5 billion from 4,352 plots.
