Investing in real estate in Dubai in 2024

Real estate in Dubai in 2024 is experiencing remarkable growth, as evidenced by recent data. In January 2024, the market recorded a total of 11,029 sales, encompassing both off plan and ready properties, representing a significant increase of 12.9% compared to January 2023. In terms of value, this growth is even more impressive, with 34.8 billion AED, an increase of 24.7% compared to the previous year. This upward trend continued in February 2024, with 12,025 sales, marking a 34% increase compared to February 2023. In value, this equates to 36.7 billion AED, an even more significant increase of 37.7% compared to the previous year. These figures testify to the vigor and dynamism of the real estate market in Dubai. Rental prices have also experienced a notable increase, with a 25% increase for apartments and a 10% increase for villas. This trend demonstrates the strength of the real estate market in Dubai and its persistent appeal as a destination for real estate investors. It is also important to note the increase in demand between January and February 2024, indicating a growing interest from investors in real estate in Dubai. These data confirm that the year 2024 is shaping up to be a record year for the real estate market in the city. In conclusion, investing in real estate in Dubai in 2024 offers attractive opportunities in terms of returns. With such encouraging prospects, Dubai remains one of the most attractive destinations for real estate investment, offering remarkable growth potential and profitability in the region. Source: Dubai Land Department