The UAE’s real estate sector maintained steady growth in 2024, with increased projects and infrastructure investments reinforcing its role in its economic expansion. Official data from real estate authorities across Abu Dhabi, Dubai, Sharjah, and Ajman show a combined transaction value of Dh893 billion from over 331,300 transactions. Mortgage deals contributed Dh229.3 billion across more than 50,000 transactions, excluding figures from Ajman.
In Abu Dhabi, real estate transactions reached Dh79.3 billion by the end of 2024, driven by 25,046 sales and mortgage deals. Sales alone accounted for Dh46.5 billion, comprising 14,816 transactions, including both ready units and off-plan properties. Mortgage transactions in the emirate were valued at Dh32.8 billion from 10,230 recorded transactions.
Dubai’s real estate market reported record-breaking figures, with total transactions exceeding Dh760.7 billion from 226,000 deals. Property sales contributed Dh522 billion through 180,000 transactions, while mortgage deals added Dh187 billion from 35,000 transactions.
Sharjah’s real estate sector recorded Dh36.4 billion transactions between January and November 2024, with Dh9.5 billion attributed to mortgages. The emirate saw over 78,600 sales transactions and 4,011 mortgage transactions during this period.
Ajman’s real estate market witnessed a notable 43% growth compared to the previous year, with transactions surpassing Dh16.9 billion. The total trade volume reached Dh10.2 billion across 8,675 deals. By October 2024, real estate activities in the emirate reached Dh16.35 billion through approximately 12,718 transactions.
