Dubai’s Residential Property Sales Surge to AED 155.73 Billion in 2024
Dubai’s real estate market witnessed a significant upswing in 2024, with residential property sales increasing by 25.3 percent to surpass AED 155.73 billion (USD 42.5 billion), according to a recent report by Metropolitan Premium Properties.
Despite ongoing global economic uncertainties, Dubai’s property market remains highly attractive to both domestic and international investors. Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Premium Properties, emphasized the sector’s resilience in a statement to PropertyNews.ae:
“Dubai’s real estate market has once again outperformed expectations, and 2024 was no exception. The data reflects a dynamic and evolving market with strong demand for ready-to-move-in properties. This shift towards secondary sales highlights the increasing preference for immediate occupancy and the opportunity to capitalize on current market conditions.”
The report also identified the most expensive property transactions of the year, showcasing the continued appeal of high-end villas, luxury apartments, and townhouses in Dubai’s thriving resale market.
