FY 2024 Market Report | Betterhomes

2024 - A Landmark Year for Dubai's Real Estate Market!

In 2024, Dubai's real estate market reached new heights, registering over 168,400 residential sales transactions valued at AED 423 billion. This marks a remarkable 40% increase in transaction volume and a 30% increase in value compared to the previous year. The market's vibrancy is further reflected in the average sales price per square foot, which is the highest ever at AED 1,493, a 16.5% year-on-year increase. With nearly 25,000 new units completed, the stage is set for a more balanced market in 2025, especially as anticipated supply is deferred to the coming year.

At Betterhomes, India and the UK continue to be the top buyer nationalities. Internal data reveals that investors have consistently accounted for the majority of buyers from 2019 to 2024.

While 2024 was marked by rapid growth, 2025 is anticipated to bring a phase of stabilisation, as a wave of property handovers eases inventory pressure. With around 72,000 units projected to enter the market, supply and demand dynamics will start to equalise, creating a more sustainable environment for buyers and investors. 

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In our comprehensive year-end market report, you'll find all the latest real estate insights including: 

• Sales Transactions 
• Real Estate Prices
• Demand and Supply
• Luxury Market
• Rental Market

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Year-End Market Report | Betterhomes