Dubai real estate sector saw massive increases to real estate sales and rents last year.

The Dubai real estate sector witnessed significant growth last year, with sales reaching AED488bn ($133bn) until December 10, 2024, according to Bayut data,

The UAE property portal has unveiled a comprehensive report on Dubai’s most-searched real estate areas for 2024.

The findings reveal a sustained rise in property prices across popular neighbourhoods, driven by robust demand, a steady supply of new inventory and Dubai’s growing allure for high-net-worth individuals attracted by its economic prospects and favourable tax policies.

Dubai real estate 2024

Bayut’s data revealed significant price increases for both apartments and villas in popular Dubai neighbourhoods, particularly for villas in Arabian Ranches, which saw rises of up to 56 per cent.

Buyers and investors interested in affordable property options have shown greater inclination towards areas such as:

• Silicon Oasis
• Sports City
• DAMAC Hills 2
• Dubailand

For mid-range property, buyers have focused on neighbourhoods such as:

• Jumeirah Village Circle
• Business Bay
• Al Furjan
• The Springs

Luxury investors have shown preference for:

• Dubai Marina
• Downtown Dubai
• Dubai Hills Estate
• DAMAC Hills