February 1, 2025

Dubai commercial property market records 24% jump in growth, rakes in $24.5bn in value in 2024

Dubai’s office segment played a pivotal role in driving growth, with 2,972 office sales transactions totaling AED 6.5 billion. Dubai’s commercial real estate sector recorded 9,038 sales transactions in 2024, marking a 24% year-on-year (YoY) increase, according to an industry report. The total transaction value surged to AED 90.1 billion ($24.5 billion), reflecting an 11% YoY rise, as reported by...

Dubai residential real estate volume up 47% last year with one zone accounting for over half of transactions

Dubai’s residential real estate market had an outstanding year in 2024, fueled by robust investor confidence and heightened demand for premium properties. As per the latest report from Savills Middle East, the sector saw unprecedented transaction volumes, marking a 47% year-on-year increase, signaling the emirate’s growing appeal to high-net-worth individuals and international investors. This...

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