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Dubai real estate sees 35.5% growth in 2024, driven by strong demand for off-plan properties

#International News#United Arab Emirates
Last Updated : 31st Mar, 2025
Synopsis

Dubai's real estate sector maintained strong momentum over the past year, with off-plan properties fuelling significant growth. The emirate witnessed a 35.5% rise in real estate transactions throughout 2024, reinforcing its reputation as a premier investment destination. Early 2025 trends indicated sustained demand for off-plan properties, marked by a shift in investor demographics. Indian investors expanded their market share, while interest from Mexican and Pakistani buyers also increased. Additionally, the growing diversity of investors from regions such as Latin America, Europe, and the Middle East showcased Dubai's expanding global appeal. Major projects like The Valley by Emaar and Sobha One remained investor favourites.

Dubai's real estate sector carried forward its strong momentum into 2024, with off-plan properties playing a key role in driving substantial growth. The emirate recorded a 35.5% rise in real estate transactions over the past year, further cementing its position as a prominent global investment hub. Trends observed earlier this year indicated that demand for off-plan properties had remained resilient, accompanied by a shift in the composition of investor demographics.


A comparison between January and February of the previous year and the same period this year revealed notable growth across various investor categories. Indian investors continued to lead the way, increasing their market share from 19% in early 2024 to 28% in early 2025. Mexican investors, who had not been present during the early months of 2024, accounted for 11% of transactions in early 2025, reflecting a growing interest from Latin American markets. Pakistani investors also experienced a modest increase in activity, moving from 10% to 11% over the same timeframe.

The diversity of investors broadened during the early months of 2025, with buyers from Jordan, Canada, Lebanon, Morocco, Egypt, Austria, the United Kingdom, Albania, and Italy each comprising 6% of total transactions. This trend underscored the widening international appeal of Dubai's real estate offerings.

The persistent demand for off-plan properties has been attributed to competitive pricing, flexible payment schemes, and promising capital appreciation potential. Flagship developments such as The Valley by Emaar, Dubai Creek Harbour, and Sobha One remained highly sought-after, with certain phases of these projects selling out swiftly upon their launch.

Dubai's investor-friendly regulations, strategic geographical position, and world-class infrastructure have continued to draw global attention. As 2025 progresses, the off-plan property market is expected to remain an attractive option for investors pursuing long-term returns in an increasingly dynamic and thriving real estate landscape.

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