Real Estate – Upstream Properties https://www.upstream.ae Thu, 06 Mar 2025 13:07:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.upstream.ae/wp-content/uploads/2023/10/favicons-36x36.png Real Estate – Upstream Properties https://www.upstream.ae 32 32 Dubai real estate sales reach AED 100 billion, with a further boost expected during Ramadan. https://www.upstream.ae/dubai-real-estate-sales-reach-aed-100-billion-with-a-further-boost-expected-during-ramadan/ Thu, 06 Mar 2025 13:05:12 +0000 https://www.upstream.ae/?p=59081 According to W Capital Brokerage, real estate sales in Dubai reached USD 100 billion (USD 27.2 billion) this year. 

W Capital said the  March 4th recognition was achieved. 

In just 44 business days, this is the fastest if the market recorded  this level of sales on March 22, 2024 after reaching the AED brand.

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Dubai real estate sales

The same value was achieved on April 11 in 2023.

Walid Al Zarooni, W Capital CEO, said: “The succession of these record numbers confirms beyond doubt that the real estate sales boom in Dubai is ongoing and will not subside in the near future, which will make 2025 a new historic year for the real estate market in the emirate”.

Al Zarooni said it had sold $94.8 billion ($25.8 billion) in the first two months of the year. 

The real estate market traded approximately AED 127.4 billion (US$34.7 billion). 

Walid Al Zarooni hopes to sell the property during Ramadan this  year.

According to Al Zarooni, its first two months of the year brought in $94.8 billion (US$25.8 billion). 

At the time, there were approximately 127.4 billion AED (USD 34.7 billion) in real estate market transactions. 

Since real estate sales during Ramadan last year exceeded $36 billion ($9.8 billion) and $30 billion ($8.2 billion) the year before, Walid Al Zarooni hopes to sell during this year’s Ramadan. 

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Walid Al Zarooni added that there are many internal factors that have contributed to improving this growth, particularly the political, security and economic stability of the UAE. 

Al Zarooni explained that Dubai’s real estate market continues to grow sustainably, competes with the largest global market and competes in several ways.

He pointed out that many affluent individuals and investors in the area and globally now choose Dubai as their first and preferred real estate market.

Al Zarooni said: “Dubai has managed to achieve the difficult equation of providing an ideal environment for work, investment and living at the same time. This diversity in the economic environment reflects the availability of good investment opportunities, in addition to legislation that guarantees the rights of all, which enhances investors’ confidence in the local economy.

“Moreover, the state-of –the-art infrastructure, security and safety have contributed to enhancing the attractiveness of the real estate market”.

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A Dubai real estate developer launches the 36-story Sensia Tower in Maritime City. https://www.upstream.ae/a-dubai-real-estate-developer-launches-the-36-story-sensia-tower-in-maritime-city/ Wed, 05 Mar 2025 10:00:42 +0000 https://www.upstream.ae/?p=59057 Beyond the third brand project of development, Sensia was announced within the 8-Mâco master-planned complex in Dubai Maritime City (DMC).

Sensia beginning is a major turning point beyond that, after the incredible success of Saria and Orise and the great interest of local, regional and international investors.

This expansion, which reached just six months after the company was founded, demonstrates the high level of investors’ trust in its rapid growth and innovative innovation.

Sensia in Dubai Maritime City

Adil Taqi, CEO, BEYOND Developments, said: “Dubai continues to prove itself as one of the most attractive real estate investment and living destination globally, supported by visionary leadership, robust infrastructure and a forward-thinking regulatory environment.

“The appetite from local, regional and international investors for high-quality waterfront development remains strong, and the success of our projects at Dubai Maritime City is a testament to this growing demand.

“Aligned with the Dubai Real Estate Sector Strategy 2033, this project strengthens the emirate’s standing as a premier investment and liveable destination. Sensia offers an elevated waterfront lifestyle merging urban energy with the serenity of the Arabian Sea.

“With every launch, BEYOND continues to push the boundaries, creating spaces that are not just homes, but experiences tailored for the modern investor and homeowner. This is a bold step forward in design, waterfront luxury, and innovation.”

Designed by the well-known Hirsch Bedner Associates (HBA), the sensory architecture offers angled floor slabs that improve privacy while simultaneously offering 360-degree panoramic views.

The 36-storey tower is scheduled for the end of 275 premium residences in the first quarter of 2029, including a three-bedroom apartment, an exclusive garden duplex with three bedrooms, and a typical penthouse with water views.

The extensive resort-style device package includes water waste and driveways in Mediterranean landscapes. Sensia features state-of-the-art fitness facilities, including high schools and yoga studios, as well as gardens made by the sea.

Located in Dubai Maritime City, Sensia offers a seamless mix of urban and coastal energy, just 10 minutes from Jumeirah’s beaches and 15 minutes from the business and entertainment district in downtown Dubai.

 

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Dubai Real Estate: Palma Development Introduces $1.3 Billion Serenia District in Jumeirah Islands. https://www.upstream.ae/dubai-real-estate-palma-development-introduces-1-3-billion-serenia-district-in-jumeirah-islands/ Tue, 04 Mar 2025 08:22:11 +0000 https://www.upstream.ae/?p=59004 Palma Development has built Serenia District, a new residential complex valued at AED5 billion ($1.36 billion), in Dubai’s Jumeirah Islands neighborhood.

Six linked buildings comprise the 600,000 square foot, 3.5 million square foot real estate development in Dubai.

The project consists of six living zones: the Serenia Signature Clubhouse, the Health and Social zone, the Sports and Recreation areas, the Family Oasis, the Nature Discovery zone, and a Wellness Retreat.

Palma’s development reveals the Serenia district of the Duvais Jumeirah Islands

“We are thrilled to introduce our latest development, Serenia District, which will not only set a new benchmark in urban living but also continue our vision of contributing exceptional architecture to Dubai’s iconic skyline. With the Dubai real estate market reaching record figures and solidifying the emirate’s position as a global investment hub, demand for premium developments continues to rise. Serenia District was launched to meet this demand, offering architectural excellence, thoughtful design, natural elements, and an unparalleled lifestyle experience,” Kareem Derbas, Founder and CEO of Palma Development said.

One of the 419, two-room, three-room apartments and a 46-storey tower with  views of the Jumeirah Islands, West Residence is an introduction to the first phase. The tower focuses on simplicity and decent design. 

The 100,000 square metres of size Serenia Signature Clubhouse features a panoramic information pool,  gym, roof cafe, spa for men and women, an inner paddle area, half a basketball location, playroom, retail and food and drinks.

Serenia District was designed by Japanese architects Nikken Sekkei, the world’s third-largest architectural firm, using Japanese Ireko design principles that prioritize tranquility, simplicity, and optimal use of available space.

“Serenia is our homegrown premium residential brand, developed in partnership with our strategic partner, Palma Development, to create high-end communities in strategic locations. Serenia District marks a new era of sophisticated living, where residents can embrace a tranquil lifestyle without compromising on urban vibrancy. We are proud to continue this successful partnership with Palma, having worked together on the Serenia Residences and Serenia Living communities,” Hassan H. Nia, Founder and CEO of Banian added.

Serenia District provides access to urban conveniences while preserving a natural setting, being close to commercial and entertainment centers.

Twenty kilometers of walkways and pathways, as well as sophisticated starlight façade lighting that changes throughout the day and night, are features of the community.

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Dubai Real Estate: Resale Market Reaches $42.5bn in 2024, Showcasing the Most Expensive Villas, Apartments, and Townhouses https://www.upstream.ae/dubai-real-estate-resale-market-reaches-42-5bn-in-2024-showcasing-the-most-expensive-villas-apartments-and-townhouses/ Mon, 17 Feb 2025 13:12:05 +0000 https://www.upstream.ae/?p=58856 The Dubai real estate market reached new peaks last year, with record-breaking purchases of $75m for apartments and $65.5m for villas.

Residential property sales increased by 25.3% to more than $155.73 billion (US$42.5 billion), according to a new Metropolitan Premium Properties report. 

Despite global economic uncertainty, Dubai’s resilient real estate market continues to appeal to domestic and international investors.

Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Premium Properties, said: “Dubai’s real estate market has once again outperformed expectations and 2024 was no exception. The data clearly shows a dynamic and evolving market with strong demand for ready-to-move-in properties.

“This shift towards secondary sales reflects the increasing preference for immediate occupancy and the desire to capitalize on the current market conditions.”

Dubai real estate sales

Key findings of the report include:

  • Total Trading Volume: The market saw 58,328 RE sale transactions in 2024. This represents a 19.3% increase from 2023. 
  • Total Sales: All sales transactions in residential areas totaled AED 15572.9 billion ($42.5 billion), up 25.3% from the previous year. 
  • Average price growth: The average resale price per square foot has increased by nearly 8%, reaching 1,548 AED ($421) for all real estate types, reflecting strong demand and limited offers.
  • Demand for ready properties: Secondary sales accounted for 83% and 82% of all transactions, respectively, in 2024.Increase and encourage more residents to relocate and purchase their own homes.
  • Apartments continued to lead: apartments accounted for 77.69% of all sales transactions, townhouses 14.67%, and villas 7.62%.

The most expensive transactions of 2024 were also recorded, with the luxurious six-bedroom villa on Jumeirah Bay Island selling for AED 240.5 million (US$65.5 million). 

One of Palm Jumeirah’s five bedroom apartments is AED 275 million ($75 million); five bedroom apartments at Bvlgari Lighthouse are AED 137 million ($37.3 million); and five bedrooms at Crescent There is an apartment at Six Senses The Palm for AED130 million ($35.4 million).

The most expensive townhouses in Dubai are AED 72 million ($19.6 million) at UMM Suqeim 2, followed by 15.6 million aed ($9.7 million) and five-bedroom townhouses in Tiral Algaf ($34 million) ($$ 9.3 million).

Vasilieva said: “For 2025, we project a sustained period of growth and stability in Dubai’s resale sector. Investor confidence remains high, bolstered by the city’s strong economic fundamentals and world-class infrastructure.

This, coupled with attractive financing options, will continue to fuel transaction activity.”

According to Metropolitan Premium Properties, Dubai’s average resale price per square foot has increased by 5.3%, to 1,576 AED ($429). 

A total of 45,320 apartment revenue transactions were tracked. This is due to a 22.4% increase from 2023. The total amount of these transactions reached $811.7 billion (US$22.1 billion), up 24.1% from the previous year. 

Secondary sales made up 81% of reselling transactions, while off-plan reselling accounted for 19%. Secondary sales accounted for 76% of the resale value (AED 6.177 billion/US$16.8 billion), while 24% was due to unplanned resale in the apartment sector.

 

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The average apartment rent price has increased by 17.3%. There were 477,424 transactions, up nearly 2% from the previous year, with 61% renewals and 39% new leases. 

In contrast, the average resale price per square foot for villas has increased by nearly 21%, reaching 1,937 AEDs ($530) compared to 2023.

The number of villa sales transactions in Dubai fell by 2.6% to 4,449, but the total value of these transactions increased by 22.1% to $488.9 billion (US$13.3 billion). 

The average price for villa rentals has risen by 23%. There were 35,085 transactions, representing a more than 61% increase. 

The average resale price per square foot for townhouses increased by 17.3%, reaching AED 1,212 ($330), compared to 2023.

Townhouse RE-SALE transactions increased by 17.4%, or 8, 5559, but their total value increased by 36.6% to $25.66 billion ($7 billion). 

The average price for townhouse rentals has risen by 15.8%. There were 21,562 rental transactions, up 2.5% from the previous year, for a total of $3.41 billion (US$928.4 million), representing a 16.5% increase.

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Dubai’s $51 Million Penthouse Hits the Market: Living Above the Clouds https://www.upstream.ae/dubais-51-million-penthouse-hits-the-market-living-above-the-clouds/ Mon, 17 Feb 2025 10:56:46 +0000 https://www.upstream.ae/?p=58852 Burj Khalifa’s best penthouses are now available for $51 million.

The penthouse is located in the tallest tower in the world, covering 13,000 feet of Dubai. As a rule, it is an exclusive double layer with a 360-degree view of Dubai, the Arab Gulf and the huge desert beyond.

“This penthouse is a testament to exceptional luxury and architectural excellence, offering an extraordinary living experience in one of the world’s most iconic buildings,” said Asad Khan, Founder and CEO of Invest Dubai Real Estate. “To own a residence in the Burj Khalifa is not merely about having a home; it’s about becoming part of history itself.”

Key features of the Burj Khalifa penthouse

The main level is over 14,000 square feet and is another 7,000 square feet taller.
This penthouse is the largest residence in downtown Dubai with basic glass windows, a private swimming pool and the only private elevator in the tower.

This beautiful potential home is offered as a shell and core unit that provides buyers with the opportunity to adapt to their personal preferences.

With great meetings, luxurious bedrooms and more inheritance spaces for various residential areas, these apartments in the clouds are associated with amenities tailored to future residents.

Although there are many extraordinary assets around the world, this Burj Khalifa penthouse differs in one of the world’s most famous towers due to its unprecedented heights and legendary locations.

The Penthouse offers buyers access to exclusive lounges, fitness centres, Japanese gardens, spas, delicious food and special 24-hour concierge services. All of these are one of the most famous addresses in the world.

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Dubai Real Estate Market Hits $4.6 Billion in Sales Last Week, Including $31.6 Million Apartment in Jumeirah https://www.upstream.ae/dubai-real-estate-market-hits-4-6-billion-in-sales-last-week-including-31-6-million-apartment-in-jumeirah/ Wed, 12 Feb 2025 07:20:30 +0000 https://www.upstream.ae/?p=58783 Dubai’s real estate sector recorded a turnover of 170.5 billion dirhams (US$4.6 billion) last week.
In terms of sales transactions, this figure contributed 123.1 billion dirhams (US$3.4 billion), according to the Ministry of Foreign Affairs.

A total of 4,153 sales transactions were recorded between 3 and 7 February.

Dubai real estate this week

Some of the most expensive sales transactions listed on the country’s website include: 

  • An apartment at Jumeirah Ring  sold for AED 116 million (US$31.6 million) 
  • An apartment at Alba Residences on the Palm Jumeirah sold for AED 65 million (US$17.7 million). 
  • An apartment at Serenia Residences on the Palm Jumeirah sold for AED 58 million (US$15.8 million). 

The country’s finance ministry also revealed a mortgage transaction worth AED 450 million (US$1.1 billion) last week. 

Gift transactions during the same period were valued at AED 586 million (US$160 million).

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Dubai Real Estate Agent Sells Three Entire Buildings in Just 7 Hours at Expo City https://www.upstream.ae/dubai-real-estate-agent-sells-three-entire-buildings-in-just-7-hours-at-expo-city/ Wed, 12 Feb 2025 06:54:13 +0000 https://www.upstream.ae/?p=58777 In just seven hours, Dubai real estate agents have sold three entire buildings in one of the city’s fastest growing developments. 

Kamil Magomedov,  leading representative of Provident Real Estate, successfully completed the sale of Expo City. 

The landmark transaction underlines the growing importance of Expo City as Dubai’s next generation central commercial and residential hub.

Expo City in Dubai

By 2026, Expo city will be the new home of the World Trade Centre and is expected to host 300 events and attract 2.5 million visitors annually. 

By 2032, as part of the city’s expansion, it is expected to host more than 600 events and attract more than 6 million visitors annually, strengthening the city’s position as the business and leisure gateway to the region.

Kamil Magomedov said: “We are witnessing a historic moment in Dubai’s real estate sector. With a supply shortage and demand rapidly increasing, Expo City presents one of the most lucrative investment opportunities in the market.

“The potential rental yield of 13–16 per cent is significantly above the city average, driven by the demand-supply gap.”

Currently, Expo City has limited accommodation options with only around 1,100 units across Al Waha Residences, Mangrove Residences and Rove Hotel. Despite future expansion with Sky Residences and SIDR Residences adding an estimated 1,000 units  by 2028, projected demand through 2026 will meet the needs of an expected peak of 8,000 to 10,000 event attendees. A minimum of 4,000 units is required to meet this demand.

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Dubai Property Sales Reach AED 44.4 Billion in January https://www.upstream.ae/dubai-property-sales-reach-aed-44-4-billion-in-january/ Fri, 07 Feb 2025 10:19:32 +0000 https://www.upstream.ae/?p=58719 Dubai’s real estate market  in 2025 started significantly with a significant increase in real estate sales compared to the previous year. 

According to a  market tactic recently published by Fam Properties, total sales  reached AED 44.4 billion in January, up 24.1% compared to the same month. 

The number of transactions was 14,236, an increase of 23.2% compared to January 2024.

Key highlights in January: In numbers

Total Sales: AED 44.4 billion (24.1% increase from January 2024)

Total Transactions: 14,236 (23.2% increase from January 2024)

Land Sales: AED 8.6 billion from 811 plots (151.9% month-on-month increase)

Villa Sales: AED 16.4 billion (89.6% increase in volume, 3,117 units sold)

Apartment Sales: AED 18.2 billion (7.1% increase in volume, 9,945 units sold)

Commercial Sales: AED 1.2 billion from 363 transactions (17.9% increase in volume)

Average Price per Square Foot: AED 1,550 (4% decrease from last year but an 81.2% increase over five years)

Strong performance across key segments

Land sales recorded the strongest growth in January, up 151.9% per month. 

A total of 811 plots are sold for AED 8.6 billion, indicating strong  interest in residential and commercial real estate. 

Villa sales were also particularly noteworthy, totaling AED 16.4 billion, a significant increase of 89.6% compared to the previous year. Residential real estate sales remained stable, with transaction values ​​of 18.2 billion AEDs and volumes increased by 7.1%. 

Commercial real estate also recorded a notable increase with 363 transactions worth AED 1.2 billion and a volume of 17.9%. The average price per square meter of commercial property fell slightly by 4%, but is  significantly higher at 81.2% than  five years ago.

Investor Confidence Signals Long-Term Growth

Fam Properties CEO Firas Al Musadi stressed that  January figures are further evidence of the continued strength and stability of Dubai’s real estate market, recording consistently strong growth . This highlights Dubai’s position as a safe target for real estate investment, strengthens investors’ trust and raises interest in local, regional and international markets,” said Al Musadi.

Increasing Market Value Over the Last Five Years

The market growth curve over the past five years has been particularly surprising. Since then, real estate has grown by 822%, with total sales of just AED 4.8 billion with 2,700 transactions compared to January 2020. Since then, sales have steadily increased in January 2024, reaching AED 35.8 billion. 

This upward trend reflects the long-term value of Dubai’s real estate sector as it continues to develop and expand as a global investment target.

Significant High-End Transactions

One of the biggest sales in January was the luxury villa at Dubai Hills Estate, selling for AED 140 million. So this month was the most expensive asset. The most expensive apartment was at Omniyat S AVA in Palm Jumeirah, which sold for AED 57 million. 

These transactions highlight the ongoing demand for luxury properties in the best locations in Dubai.

Strong Demand for Off-Plan and Ready Properties

Off-plan real estate sales exceeded the January resale. Off-plan apartments accounted for 65% of total sales, while off-plan villas were  in high demand, resulting in 60% of their value. The plan’s most-selling off-plan projects were Terra Heights, Verdes of Haven and Lasina, with total sales of AED 891.1 million, AED 296.4 million or AED 313.3 million. 

In the completed real estate segment, projects like Remraam and Rukan were one of the most popular decisions.

Top performing areas in Dubai

In January 2025, several key areas of Dubai outperformed others in terms of transaction volumes: 

  • Wadi Al Safa 5: 1,400 units sold 
  • Jumeirah Village Circle: 982 units sold 
  • Dubai South: 942 units sold 
  • Al Yereis 1: 868 units sold 
  • Business Bay: 761 units sold 

This trend indicates an increase in demand in both established and coming regions of the city, as investors and home buyers are looking for options in various locations, and more comprehensive changes in the market. reflects. Dubais’ real estate market has gotten a stronger start to the year with a significant increase in volume and value. 

Continuing sales growth for the country, villas and apartments, and Dubai’s strategic position as a global business centre will likely remain strong in 2025.

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Waterside living at an affordable price is available at Damac’s Riverside Views https://www.upstream.ae/waterside-living-at-an-affordable-price-is-available-at-damacs-riverside-views/ Sat, 01 Feb 2025 06:56:33 +0000 https://www.upstream.ae/?p=58546 It has never been simpler to live by the water in Dubai.

Riverside Views, Damac’s newest development, offers one-bedroom flats for Dh888,000 and two-bedroom residences for Dh1.42 million. The master developer is offering customers a 70:30 payment split because the project is anticipated to be completed in May 2028. The location is in the Damac Riverside cluster of Dubai Investment Park.

“We are proud to continue listening to our customers’ feedback and bringing truly desired products to the market,” said Amira Sajwani, Managing Director of Damac Properties. “Riverside Views introduces a collection of stylish one—and two-bedroom apartments housed within eight uniquely themed clusters.”

 This comes immediately after the more costly “Damac Islands” opened in November of last year, making it one of the first major off-plan releases in Dubai in 2025. Townhouses start at Dh2.25 million, while the most expensive home there costs Dh18.61 million.

But it’s the sub-Dh1 million price tag for a one-bedroom apartment that’s getting a lot of attention from estate agents and, potentially, investors. “With all the community and the water elements thrown in, the Dh888,000 price tag will carry a lot of weight with potential buyers,” said an estate agent.

“Damac built up a significant cache with its water-themed Lagoons (in late 2021) and Islands (late 2024). Clearly, the developer reckons there is a newer buyer base for the more affordable housing options in Riverside Views.

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“In terms of launch price, Damac is aiming for the sweet spot.”

Damac supported a month-long campaign for Riverside Views in the United Arab Emirates in addition to important markets like the US, China, Japan, India, and Russia. (Bollywood star Shahrukh Khan was present for the launch party in Dubai.)

Riverside Views feature a ‘mix of greenery and water scenery, enhancing a sense of well-being and connection with the environment,” said Amira. “We will continue to shape Dubai’s luxury real estate landscape and bring iconic products.”

Farm and floating island F&B

The new cluster will have five eating options, including a floating island restaurant, a Zen spa, and even a hydroponic farm that would produce “fresh greens daily.”

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Dubai’s real estate transactions reached a record high in 2024: Dh761 billion https://www.upstream.ae/dubais-real-estate-transactions-reached-a-record-high-in-2024/ Mon, 27 Jan 2025 10:28:13 +0000 https://www.upstream.ae/?p=58468 The highest number of procedures ever recorded in Dubai’s real estate sector was 2.78 million in 2024. The record number of operations, which include both rental agreements and real estate transactions, is a 17% increase over 2023.

Real estate transactions alone totaled 226,000, with a total value of Dh761 billion. This represents an incredible 36% increase in volume and 20% increase in value year over year.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Executive Council of Dubai, attributed the emirate’s record-breaking real estate performance to its robust infrastructure, forward-thinking policies, thriving economy, and excellent investment climate.

“The exceptional results in 2024 reflect the deep strength and resilience of our economy, which continues to thrive in a rapidly changing global landscape. The leadership’s visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate’s position as an international hub for investment, trade, and innovation, and enhanced its global appeal as a lifestyle and investment destination, all of which have catalysed the real estate market.”
“Bolstered by the Dubai Real Estate Strategy 2033, the sector continues to raise benchmarks of transparency, return on investment and investor confidence while addressing diverse market needs. Dubai’s real estate market remains among the world’s best, with a strong focus not only on innovation and excellence but also stability and sustainability.

“We continue to introduce new initiatives in the sector to advance our vision of making Dubai the world’s best place to live and work. The steady growth of the real estate market also continues to boost its contribution to the D33 Agenda’s objectives of making Dubai one of the world’s top three urban economies and doubling its GDP by 2033,” he added.

In 2024, Dubai’s real estate industry achieved noteworthy achievements that strengthened its position as a top global investment destination. The industry saw 217,000 investments totaling Dh526 billion, suggesting notable growth rates of 27% in value and 38% in quantity.

Additionally, by attracting 110,000 new investors, Dubai’s real estate industry saw an incredible 55% expansion. These outstanding achievements show the emirate’s leadership in creating a premier investment climate that attracts international capital and supports the real estate sector’s consistent growth.

Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, said, “These indicators serve as tangible evidence of the resilience of Dubai’s real estate market, its ability to adapt to global changes, and its success in attracting high-quality investments. The results achieved in 2024 reflect the emirate’s ambitious vision and ongoing efforts to enhance its investment attractiveness under the guidance of our wise leadership, in line with the Dubai Economic Agenda D33, which aims to position the emirate among the top three urban economies.”

He added, “The Dubai Real Estate Strategy 2033 has been a key driver of this growth by focusing on doubling the sector’s contribution to the GDP and fostering an integrated ecosystem rooted in innovation and technology. This approach enhances transparency and balances supply and demand. The strategy aims to attract investments from emerging markets, solidifying Dubai’s position as a global hub for real estate investment.”

He further said, “Attracting 110,000 new investors to the real estate sector last year is a clear indicator of our efforts to enhance global investor confidence. This achievement underscores Dubai’s commitment to developing an advanced real estate environment managed using state-of-the-art artificial intelligence and proptech solutions. These technologies play a crucial role in boosting operational efficiency and ensuring the satisfaction of both investors and stakeholders alike.”

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He concluded, “The Dubai Land Department will continue working hand in hand with its partners in both the public and private sectors to achieve further milestones that support Dubai’s future vision and contribute to realising its strategic objectives. We are confident that the emirate is steadily advancing towards solidifying its position as a leading investment destination, thanks to its advanced infrastructure, pioneering initiatives, and a long-standing legacy of innovation and excellence.”

Dubai continues to set new records, proving its commitment to shaping the future and accomplishing its ambitious goal of becoming the world’s leading destination for real estate investment and sustainable development. Through the seamless collaboration of the public and commercial sectors, Dubai is broadening its strategic vision, establishing its leadership in several industries, and setting new standards for economic excellence.

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