Dubai Real Estate Index Reveals Robust Growth in 2024 with Double-Digit Price Increases
The Dubai Data & Statistics Establishment, under the Digital Dubai Authority, in collaboration with the Dubai Land Department, has released the Q4 and full-year 2024 Real Estate Index Report, highlighting remarkable growth in both residential and commercial property markets.
According to the report, residential property prices surged by 11.62% in 2024, while commercial property prices experienced an even sharper increase of 13.19%, underscoring growing investor confidence and Dubai’s resilient economic environment. The fourth quarter alone saw residential property prices climb by 1.99% and commercial property prices leap by 7.45% from Q3.
The report attributes this sustained growth to a confluence of factors, including a stable macroeconomic climate, rising local and international demand, and proactive government-led initiatives aimed at enhancing the emirate’s investment appeal.
H.E. Hamad Obaid Al Mansoori, Director General of Digital Dubai, emphasized the strategic importance of data in shaping the city’s future:
“This report is a testament to our data-driven approach to urban development and governance. At Digital Dubai, data is the cornerstone of our strategy to enhance quality of life and reinforce Dubai’s position as a future-ready global city.”
H.E. Eng. Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, added:
“The surge in real estate prices reflects the success of our balanced growth policies and our ongoing efforts to build an integrated ecosystem that supports Dubai’s vision as a premier global destination for living and investment.”
H.E. Younus Al Nasser, CEO of the Dubai Data & Statistics Establishment, highlighted the report’s role in policymaking:
“By offering reliable, data-driven insights, this report supports informed decision-making and strategic planning, both of which are vital for sustaining Dubai’s momentum in real estate and beyond.”
The Real Estate Index Report reinforces Dubai’s status as a thriving property market, supported by legislative reforms, infrastructural advancements, and investor-friendly policies. The city's real estate sector continues to serve as a critical pillar of its economy, in alignment with the Dubai D33 Economic Agenda.
Add Your Directory With Us
Boost your visibility with our Business Directory
Add Your BCard With Us
Open the door to new professional connections.
DayOfDubai
Business Services
