The number of new investors in Dubai real estate jumped 45% year-on-year during the first 9 months, while they concluded 132,000 deals worth AED 291 billion. According to Dubai real estate sector indicators between January and the end of September, foreign investors in Dubai real estate acquired the largest share of sales in terms of value and number, through 106,000 deals worth AED 235 billion. Arab investors came in second place with 17,000 deals worth AED 30 billion, followed by Gulf investors with 9,000 deals worth AED 26 billion. Real estate transactions achieved record numbers, considered the highest ever in 2024, as total transactions recorded AED 544 billion through 163,000 real estate transactions in the first 9 months, a growth of 35% compared to 2023.
Real estate sales exceeded AED 376 billion for the first time in the first 9 months, an increase of 30% compared to the same period in 2023, while the Dubai Land Department provided more than two million transactions through service centers, while the total registered rental contracts exceeded AED 70 billion.
The real estate broker program launched by the department succeeded in attracting 1,000 members in its first phase, and more than 500 cards were issued to Emirati real estate brokers, and the value of the deals they concluded amounted to more than AED 200 million, while the program succeeded in increasing the number of its partners to 50 partners.