Real Estate

Dubai’s re-sale property market delivered unprecedented profits in 2024, with investors earning nearly AED 60 billion in capital gains. According to a report released by fäm Properties, the secondary market generated AED 59.7 billion in capital gains, accounting for 32% of Dubai’s all-time high re-sale value of AED 188.1 billion last year.

This marked a significant 34% increase compared to 2023, culminating in an extraordinary 1300% growth in re-sale profits over the past five years.

Top-Performing Areas
The report, based on data from DXBinteract covering 136 locations, highlighted Palm Jumeirah as the leading area, with AED 6.48 billion in capital gains. Other prominent residential zones, such as Dubai Marina, Dubai Hills Estate, Downtown Dubai, and Business Bay, also ranked in the top ten for annual capital gains.

Jumeirah Village Circle emerged as a standout performer, not only for re-sale transactions but also as the leading area for ready property developer sales in 2024.

Market Dynamics
Firas Al Msaddi, CEO of fäm Properties, remarked, “The substantial capital gains underscore Dubai’s market dynamism and the effectiveness of its regulatory framework, driven by an astute government. These record profits will likely encourage reinvestment and attract fresh capital, as investors recognize the market’s long-term resilience and potential.”

Al Msaddi also commended the Dubai Land Department’s transformative measures in 2024, expressing optimism about further advancements in 2025 that will strengthen Dubai’s position as a global real estate hub.

Record-Breaking Year for Dubai Real Estate
Dubai’s real estate sector saw annual growth across all segments in 2024:

• Apartment Sales: Up 42% YoY, with 141,168 transactions worth AED 260.6 billion.
• Villa Sales: Increased by 21.1% to 30,938 units valued at AED 164.1 billion.
• Commercial Properties: Up 10.1% in volume to 4,304 transactions, totaling AED 9.7 billion.
• Plots: 4,352 plots sold for AED 86.5 billion, a 2.6% increase YoY.

The total number of re-sale transactions rose 14% to 61,100, driven by buyers shifting towards ready homes, high rental yields attracting investors, and infrastructure upgrades enhancing property appeal.

Top 10 Areas for Capital Gain in 2024

1. Palm Jumeirah: AED 6.48 billion
2. Dubai Marina: AED 4.26 billion
3. Dubai Hills Estate: AED 3.61 billion
4. Al Thanyah Fifth: AED 3.18 billion
5. Downtown Dubai: AED 3.18 billion
6. Emirates Living: AED 2.45 billion
7. Business Bay: AED 2.33 billion
8. Jumeirah Village Circle: AED 2.20 billion
9. Al Merkadh: AED 2.09 billion
10. Wadi Al Safa 5: AED 1.77 billion

Outlook for 2025
Dubai’s real estate market is set to sustain its momentum in 2025, bolstered by investor confidence, robust infrastructure development, and progressive regulatory reforms aimed at fostering growth and innovation.

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