According to a industry report, Dubai investors made a record AED 60 billion in resale profits last year.
This was 32% of the total AED 188.1 billion resale value of the city last year, according to the fäm Properties report.
Palm Jumeirah had the most capital gain, AED 6.48 billion, according to the study, which used DXBinteract data from 136 locations across the emirate.
Renowned residential areas like Business Bay, Downtown Dubai, Dubai Marina, and Dubai Hills Estate were also among the top 10 for yearly capital increase.
Firas Al Msaddi, CEO of fäm Properties said the huge profits made by investors shows the market is alive and the regulations are working.
“Our expectation is that these profits will encourage reinvestment and attract new capital as investors see the long term resilience and potential of our market,” he said.
The report found that 2024 saw record total transactions – up 14% in volume and 21% in value – as buyers moved to ready homes, investors chased strong rental yields and infrastructure upgrades made properties more desirable.
The report found that apartment sales in Dubai’s real estate market saw a 42% year on year increase in volume to AED 260.6 billion, while villa sales increased 21.1% to 30,938 units for AED 164.1 billion.
The report states that 4,352 plots sold for AED 86.5 billion, a 2.6% increase and commercial real estate transactions rose 10.1% to 4,304 units for AED 9.7 billion.
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