Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
In 2024, residential real estate transactions rose by 40.3%, reaching 170,992 units – more than five times the volume recorded in 2020. The luxury segment played a crucial role, with sales of properties above $2.7m increasing by 20.5% year-on-year. Off-plan transactions dominated, comprising 63% of total sales.
Apartments remained the driving force behind this surge, with transactions contributing nearly 90% to overall market growth. Dubai’s commercial real estate sector also witnessed significant expansion in 2024, with more than 24,000 new businesses registered in the first half of the year driving premium office space occupancy.
Gulf Economist Staff Writer