Dubai Real Estate: $142 Billion in Investments and Record Growth in 2024

2024 became the most successful year in the history of Dubai's real estate market. The number of transactions reached 180,900, marking a 36% increase compared to the previous year. The total sales volume amounted to approximately $142.2 billion—an all-time record.

Key figures:

• Number of transactions: 180,900

• Total sales volume: $142.2 billion

• Average price per square meter: ~$4,800

The luxury real estate segment stood out particularly. In 2024, over 4,600 deals were closed for properties worth more than $2.7 million—a 23% increase from 2023.

The market’s growth was driven by several key factors:

• Influx of capital from Europe, Asia, and CIS countries due to political and economic volatility elsewhere;

• Tax benefits, including no personal income tax (PIT);

• Infrastructure development in new areas like Dubai Creek Harbour, Palm Jebel Ali, and District 2020;

• Market transparency and maturity, increasingly positioning Dubai as an alternative to London and New York.

For investors considering Dubai as a strategic destination, 2024 confirmed that the market remains resilient, dynamic, and full of growth potential.

Kalinka Ecosystem experts are ready to provide tailored solutions for investors interested in premium Dubai real estate—from up-to-date analytics to selecting high-yield properties with strong capital appreciation potential.