The UAE’s real estate sector recorded transactions worth AED893 billion in 2024, with 331,300 transactions across Abu Dhabi, Dubai, Sharjah, and Ajman.
Mortgage transactions reached AED229.3 billion through 50,000 transactions, excluding Ajman’s figures, according to a statement by the Emirates News Agency (WAM).
Dubai real estate transactions surpass AED760bn
Dubai led the market with AED760.7 billion in transactions from 226,000 deals. The emirate’s property sales reached AED522 billion through 180,000 transactions, while mortgages totalled AED187 billion from 35,000 deals.
Abu Dhabi registered AED79.3 billion in transactions through 25,046 sales and mortgages. The Department of Municipalities and Transport’s “Dari” platform reported sales of AED46.5 billion from 14,816 transactions, including 5,646 ready units and 9,169 off-plan properties. Mortgage transactions in the capital reached AED32.8 billion through 10,230 deals.
Sharjah’s real estate sector recorded AED36.4 billion in transactions between January and November 2024, including AED9.5 billion in mortgages. The emirate processed 78,600 sales transactions and 4,011 mortgage deals.
Ajman’s market showed growth with transactions reaching AED16.35 billion by October 2024, comprising 12,718 deals. This follows the emirate’s 43 per cent growth in 2023, when it recorded AED16.9 billion in transactions through 11,500 deals.
Industry reports indicate continued market growth in 2025, supported by the UAE’s investment climate and upcoming projects.
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