Investors Earn Record AED60 Billion Profits from Dubai's Re-sale Property Market
by Firas Al Msaddi
Friday, 17 January, 2024
2024 was a record-breaking year for Dubai’s real estate market, and I am pleased to share the remarkable milestones we achieved. Investors reaped unprecedented profits, with nearly AED 60 billion generated through the re-sale market, reflecting the strength and global appeal of Dubai’s real estate sector.
At fäm Properties, our latest report revealed that the secondary market delivered AED 59.7 billion in capital appreciation last year, accounting for 32% of Dubai’s all-time high re-sale value of AED 188.1 billion. These figures highlight the resilience of the market and the strong investment potential it offers.
Re-sale profits saw a 34% increase compared to 2023, marking an impressive 1,300% growth over the past five years. This remarkable performance underscores the market’s dynamism, supported by a robust regulatory framework and forward-thinking government leadership.
According to data from DXBinteract, Palm Jumeirah led the way with AED 6.48 billion in capital appreciation. Other prominent areas such as Dubai Marina, Dubai Hills Estate, Downtown Dubai, and Business Bay also featured prominently, showcasing the diversity of opportunities across the emirate.
Jumeirah Village Circle (JVC) emerged as a standout performer, leading in ready property developer sales for 2024 and securing the second position, after Dubai Marina, in total re-sale transactions.
The substantial capital gains achieved by investors emphasize the long-term resilience of Dubai’s real estate market. These results further validate Dubai’s position as a leading global investment destination. We are confident these returns will inspire reinvestment and attract new capital in the coming years.
We extend our appreciation to the Dubai Land Department for their transformative initiatives in 2024, which played a key role in driving growth. We look forward to their continued contributions in 2025, enhancing Dubai’s standing on the global real estate stage.
The record-breaking total re-sale figures for 2024 reflect a 21% increase in value and a 14% rise in transaction volume, with 61,100 transactions completed. This growth was fueled by buyers favoring ready homes, investors capitalizing on high rental yields, and infrastructure enhancements elevating property desirability.
Across all segments, the numbers illustrate an exceptional year:
As we enter 2025, I am optimistic about the opportunities ahead and confident that Dubai’s real estate market will continue to set new global benchmarks for excellence and innovation.
At fäm Properties, our latest report revealed that the secondary market delivered AED 59.7 billion in capital appreciation last year, accounting for 32% of Dubai’s all-time high re-sale value of AED 188.1 billion. These figures highlight the resilience of the market and the strong investment potential it offers.
Re-sale profits saw a 34% increase compared to 2023, marking an impressive 1,300% growth over the past five years. This remarkable performance underscores the market’s dynamism, supported by a robust regulatory framework and forward-thinking government leadership.
According to data from DXBinteract, Palm Jumeirah led the way with AED 6.48 billion in capital appreciation. Other prominent areas such as Dubai Marina, Dubai Hills Estate, Downtown Dubai, and Business Bay also featured prominently, showcasing the diversity of opportunities across the emirate.
Jumeirah Village Circle (JVC) emerged as a standout performer, leading in ready property developer sales for 2024 and securing the second position, after Dubai Marina, in total re-sale transactions.
The substantial capital gains achieved by investors emphasize the long-term resilience of Dubai’s real estate market. These results further validate Dubai’s position as a leading global investment destination. We are confident these returns will inspire reinvestment and attract new capital in the coming years.
We extend our appreciation to the Dubai Land Department for their transformative initiatives in 2024, which played a key role in driving growth. We look forward to their continued contributions in 2025, enhancing Dubai’s standing on the global real estate stage.
The record-breaking total re-sale figures for 2024 reflect a 21% increase in value and a 14% rise in transaction volume, with 61,100 transactions completed. This growth was fueled by buyers favoring ready homes, investors capitalizing on high rental yields, and infrastructure enhancements elevating property desirability.
Across all segments, the numbers illustrate an exceptional year:
- Apartments: A 42% YoY increase in sales, with 141,168 transactions totaling AED 260.6 billion.
- Villas: Sales rose by 21.1%, with 30,938 units worth AED 164.1 billion.
- Commercial Properties: A 10.1% increase in transactions, reaching 4,304 units worth AED 9.7 billion.
- Plots: Sales increased by 2.6%, with 4,352 plots sold for AED 86.5 billion.
As we enter 2025, I am optimistic about the opportunities ahead and confident that Dubai’s real estate market will continue to set new global benchmarks for excellence and innovation.
Share on:
Leave a comment