Dubai, Abu Dhabi real estate markets shine in 2024: Property Finder – Gulf Business
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As the UAE real estate market continues to evolve, both cities are showing resilience and growth, positioning the region as a dynamic and attractive destination for global investors
The UAE’s real estate market continues to soar as property portal Property Finder reported impressive growth across Dubai and Abu Dhabi in 2024.
Both cities have experienced remarkable momentum, with Dubai achieving record-breaking transaction volumes and values, while Abu Dhabi also demonstrated strong performance despite a more modest market.
Cherif Sleiman, chief revenue officer at Property Finder, noted that 2024 “was a defining year for the UAE’s real estate sector, with record-breaking transactions”.
He added: “The momentum is expected to continue in 2025 as both Dubai’s off-plan market and Abu Dhabi’s property portfolio continue to grow. The launch of the Smart Rental Index by the Dubai Land Department is an example of how the UAE is raising the bar in transparency and trust.”
Here are the key highlights of 2024, as shared by Property Finder:
Mark Richards, CEO of The Network, added that Dubai’s real estate market is poised for another strong year in 2025, driven by sustained demand, limited supply in key segments, and continued population growth.
He estimates that 50,000-60,000 new residents will arrive annually, while 41,000 new residential units are expected in 2025, though only 5,000 of these will be villas and townhouses, creating a notable supply gap in this high-demand segment.
Sam McCone, managing partner of McCone Properties, highlighted that private developers are focusing on high-quality real estate, refining design and craftsmanship to meet the evolving demands of buyers and tenants.
Abdullah Alajaji, MD of Driven Properties, noted the rising demand for affordable housing and smaller units, along with strong interest in luxury properties and off-plan developments, which indicates strong investor confidence moving into 2025.
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