Dubai Property Market in 2024 and 2025: Key Statistics and Investment Insights

The property market in Dubai continues to break records, making it one of the most attractive real estate markets for global investors. With record-breaking transactions, strong population growth, and a booming economy, the property market in Dubai is proving to be a lucrative investment opportunity for 2024, 2025, and beyond.

In this article, we analyze the latest Dubai property market statistics, using data from DXB Interact, Property Monitor, Property Finder, and Knight Frank to provide a comprehensive look at the market’s performance and future potential.

Record-Breaking Real Estate Transactions in the Property Market in Dubai

• In 2024, Dubai recorded 180,900 property transactions, totaling AED 522.1 billion—a 36% increase in transaction volume and a 27% rise in value compared to 2023.
• The luxury segment saw a 45% increase in transactions, driven by the influx of ultra-high-net-worth individuals.
• Off-plan sales accounted for more than 55% of total transactions, as investors sought high capital appreciation opportunities.

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Population Growth in Dubai and Its Impact on Real Estate

• As of January 2025, Dubai’s population has grown to 3.84 million, an increase of 169,000 new residents in just one year.
• More than 70,000 expats moved to Dubai in Q4 2024, reinforcing the city’s role as a top global destination for professionals, entrepreneurs, and investors.
• By 2030, Dubai’s population is projected to exceed 5.8 million, driving long-term demand in the property market in Dubai.

Tourism Growth Fuels Demand for Short-Term Rentals

• Dubai welcomed 17.15 million international visitors in 2023, and 2024 figures are expected to surpass 18 million tourists.
• Dubai International Airport (DXB) set a new record with 92.3 million passengers in 2024, confirming its position as the world’s busiest airport for international travel.
• Tourism revenue is forecasted to grow 9% in 2025, increasing demand for short-term rentals and serviced apartments in key areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah.

Ultra-High-Net-Worth Individuals Driving Dubai’s Luxury Real Estate Boom

• In 2024, 6,700 millionaires relocated to Dubai, the highest influx globally.
• Dubai ranked No. 1 in the Knight Frank Wealth Report as the top city for ultra-high-net-worth migration.
• High-net-worth buyers are investing in branded residences, waterfront villas, and luxury penthouses, pushing property prices up by 12-18% year-over-year in Dubai’s prime locations.

Dubai’s Economy and GDP Growth: Key Drivers for the Property Market in Dubai

• Dubai’s GDP grew by 3.1% in the first 9 months of 2024, reaching AED 339.4 billion.
• The UAE’s GDP is projected to grow by 5% in 2025, fueled by foreign direct investment, tourism, and real estate expansion.
• Key contributors to Dubai’s GDP growth:
• Wholesale & Retail Trade: AED 83.12 billion (+2.9%)
• Transportation & Storage: AED 42.135 billion (+5.3%)
• Financial & Insurance: AED 39.439 billion (+4.5%)

Why the Property Market in Dubai is a Top Investment Opportunity in 2025

Several key factors continue to drive growth in Dubai’s real estate market, making it one of the best investment destinations in 2025 and beyond:

• Tax-Free Property Market: No property tax, no capital gains tax, and 0% tax on rental income.
• Golden Visa Program: Investors purchasing AED 2M+ in real estate qualify for the 10-year Golden Visa.
• High Rental Yields: Dubai offers 6-9% rental yields, significantly higher than cities like London or New York.
• Massive Infrastructure Investments: Dubai’s 2040 Urban Master Plan ensures continued development and economic expansion.
• World-Class Business Hub: 70% of Fortune 500 companies have offices in Dubai, driving demand for both commercial and residential real estate.

Start Your Investment Journey in the Dubai Property Market

The Dubai property market in 2024 and 2025 presents one of the most exciting investment opportunities in the world. With record-breaking transactions, population growth, and a booming economy, there has never been a better time to invest in Dubai real estate.

📩 Ready to build your real estate portfolio in Dubai? Contact me today to get started.

🎙 Want to learn more? Subscribe to the Dubai Connect Podcast™ for exclusive insights into the property market in Dubai and expert guidance on how to invest in Dubai real estate.

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📩 Contact Info:
🔹 Ghada “GG” Benitez
🔹 Certified International Property Specialist (CIPS®)
🔹 Licensed Realtor® | DRE# 01487964
🔹 Realty Executives Dillon
🔹 Host of the Dubai Connect Podcast™
🔹 📲 +1-619-339-7978 | 🌐 www.GGBenitezInternational.com