In 2024, the Dubai real estate market once again proved why the metropolis is one of the hottest investment destinations in the world. With a spectacular 47% year-on-year increase in transaction volume and particularly active demand for luxury real estate in Dubai, the city is setting new standards. As a real estate consultancy in Dubai, APEX Real Estate will guide you through this dynamic market – whether buying, selling or taxing exclusive properties.
Zone 6 dominates: Over half of all transactions
A look at the figures shows: Dubai’s real estate market is dominated by the so-called Zone 6. Here – in popular neighborhoods such as Jumeirah Village Circle, Dubai Hills Estate and Al Barari – 51% of all transactions were carried out. However, established luxury locations such as Dubai Marina, Business Bay and Jumeirah Lakes Towers also remain in demand, particularly among international investors and high-net-worth individuals.
Off-plan projects are booming: 68% of all sales
The rapid increase in the market is largely due to the boom in off-plan properties in Dubai. These accounted for 68% of all transactions (2023: 55%). The top developers brought over 50,000 units onto the market – an increase of 25% compared to the previous year. Projects such as City Walk Northline (Meraas), Ocean Cove (Emaar) and Ghaf Woods (Majid Al Futtaim) were sold out within a very short space of time, not least thanks to flexible payment plans and high yield prospects.
Luxury segment shines: 23% more premium transactions
The market for luxury properties in Dubai grew significantly once again in 2024: over 4,600 units worth more than AED 10 million (USD 2.7 million) changed hands – an increase of 23%. Villas in particular stood out: here, transactions rose by 33%, while the apartment segment recorded a moderate increase of 5%. Top locations such as Palm Jumeirah, La Mer or Jumeirah Bay Island confirm their reputation as the ultimate addresses for discerning buyers.
Rental market on the rise: prices up to 26% higher
Dubai’s rental market also benefited from economic stability and population growth in 2024:
– Rental prices for apartments: +16%
– Villas and townhouses: +13%
In up-and-coming districts such as Al Furjan, rents even shot up by up to 26% – a clear signal of the attractiveness of new development areas.
APEX Real Estate. Your partner for future-oriented investments
Dubai’s success is based on three pillars: “International investors, local end buyers and excellent project quality are driving the market. Dubai has established itself as a global hotspot for luxury and value appreciation.”
Experts predict that the boom will continue in 2025 – driven by strong investor confidence, innovative off-plan concepts and rising demand for high-quality living space.