Dubai Property Market Growth in 2024: Insights for Indian Investors
The Dubai property market achieved unprecedented milestones in 2024, marking a significant 27% increase in sales value compared to 2023. With a total property transaction value of AED 893 billion across the UAE, this remarkable growth presents an opportunity for Indian investors to explore lucrative investment avenues in the emirates.
Key Highlights of Dubai’s Property Market in 2024
Overview of Transactions
| Metric | Dubai | Abu Dhabi | Sharjah | Ajman |
|---|---|---|---|---|
| Total Transaction Value (AED) | 760.7 bn | 79.3 bn | 36.4 bn | 16.4 bn |
| Total Transactions | 226k | 25k | N/A | 12.7k |
| Mortgages Value (AED) | 187 bn | 32.8 bn | 9.5 bn | N/A |
| Sales Value (AED) | 522 bn | 46.5 bn | N/A | N/A |
Primary and Secondary Market Insights
Primary Market
- Developer Sales: AED 334.1 billion (+30% YoY)
- Transactions: 119.8k (+51% YoY)
- Average Price Per Sq. Ft.: AED 1,600 (+10% YoY)
Secondary Market
- Resales: AED 188.1 billion (+21% YoY)
- Transactions: 61.1k (+14% YoY)
- Average Price Per Sq. Ft.: AED 1,300 (+12% YoY)
Segment Performance
| Property Type | Transactions Volume | Total Value (AED) | YoY Growth (%) |
| Apartments | 141.2k | 260.6 bn | +42% |
| Villas | 30.9k | 164.1 bn | +21.1% |
| Commercial Units | 4.3k | 9.7 bn | +10.1% |
| Plots | 4.3k | 86.5 bn | +2.6% |
Factors Driving Market Growth
- New Project Launches: Increased availability of modern and luxurious properties.
- Attractive Payment Plans: Flexible options making properties more accessible.
- Residency Incentives: Golden visa programs attracting global investors.
- High Rental Yields: Strong demand for ready-to-move properties with excellent ROI.
- Infrastructure Development: Improved connectivity and urban planning boosting property values.
Opportunities for Indian Investors
- Affordable Luxury: Invest in off-plan or ready properties offering attractive pricing.
- Strategic Location: Proximity to major business hubs and global connectivity.
- High ROI: Benefit from Dubai’s booming rental yields and capital appreciation.
- Ease of Access: Residency benefits and seamless transaction processes for foreign investors.
For more insights and exclusive property listings in Dubai, visit our website at Evantis Realty Dubai or contact us at +971 54 480 9359. Explore off-plan properties and make the most of Dubai’s thriving real estate market today!
Evantis Realty is a leading real estate brokerage in Dubai, specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Dubai real estate market with confidence.
