10 real estate development companies operating in Dubai acquired a share of 42.2% of the sector’s total sales during 2024, with AED 222 billion, out of AED 526 billion, according to Property Monitor data, financial results and corporate disclosures.
Dubai Holding Group’s subsidiaries topped the list of the highest sales worth AED 67 billion, equivalent to 12.7%, where it was distributed to AED 32 billion for Nakheel Development (6%), AED 24.6 billion for Meraas (4.7%) and 10.4 for Dubai Properties (2%).
Emaar Development Company came in second place with 65.4 billion dirhams by 12.4%, followed in third place by DAMAC with 35 billion dirhams (6.6%), then Shoba fourth with about 21.1 billion dirhams (4%), and the fifth place was the share of Bin Ghati Development Company with 11.6 billion dirhams, then Danube Real Estate with about 9.65 billion dirhams (1.8%), followed by Azizi Development with a value of 7.6 billion dirhams (1.4%), and finally Samana Development achieved 4.2 billion dirhams.
The Dubai real estate sector continued to achieve strong growth rates and new records, during 2024, where more than 2.78 million real estate transactions were completed, and the total value of real estate disposals amounted to AED 761 billion.
Last year, the value of real estate investments registered with the Dubai Land Department amounted to more than AED 526 billion, and the market attracted 110,000 new investors, a record increase of 55%.
The Dubai government adopted the real estate sector strategy 2033 to achieve the Dubai Economic Agenda D33, through which it aims to raise real estate transactions in Dubai to one trillion dirhams, by 2033, and double the contribution of the real estate sector to the emirate’s GDP to 73 billion dirhams. Based on this data, the real estate market in Dubai, a record performance, in 2024, in terms of the value and number of sales deals is the highest in its history.
Data from the Dubai Rest application, affiliated with the Department of Land and Property in the emirate, for January and February 2025, indicates that this year is moving at a steady pace to break the historical figures of 2024, where the total value of the transactions in two months exceeded the barrier of 127 billion dirhams, including sales of about 95 billion dirhams (30,100 deals), 25.6 billion dirhams for mortgages (7,563 procedures), and 7 billion dirhams for donations (1360 transactions).