Dubai’s secondary property market achieved unprecedented growth in 2024, generating capital gains of Dh59.7 billion, according to a report released by fäm Properties. The figure accounts for 32% of Dubai’s all-time high re-sale value of Dh188.1 billion recorded last year.
Re-sale profits in 2024 saw a 34% increase compared to 2023, marking a remarkable 1,300% growth over the past five years. The data, compiled by DXBinteract and covering 136 areas across the emirate, highlighted Palm Jumeirah as the leader in capital gains, contributing Dh6.48 billion to the total.
Other prominent residential areas such as Dubai Marina, Dubai Hills Estate, Downtown Dubai, and Business Bay also ranked among the top ten locations for annual capital gains. Jumeirah Village Circle emerged as a standout performer, not only topping ready property developer sales in 2024 but also securing second place in total re-sale transactions after Dubai Marina.
Firas Al Msaddi, CEO of fäm Properties, attributed the record gains to the market’s robust regulatory framework and Dubai’s investor-friendly environment. “The substantial capital gains realized by investors underscore the market’s dynamism and the effectiveness of our regulatory framework, managed by an astute government. These profits are expected to encourage reinvestment and attract new capital, highlighting the long-term resilience and potential of Dubai’s real estate market,” he said.
Al Msaddi also praised the Dubai Land Department for its transformative measures, which he believes will further enhance the emirate’s global real estate standing in 2025.
The report also revealed record-breaking re-sale figures for 2024, with a 21% year-on-year (YoY) increase in value and a 14% rise in volume, amounting to 61,100 transactions. The trend reflects growing buyer interest in ready homes, high rental yields, and improved infrastructure boosting property appeal.
Across all segments, Dubai’s real estate market posted impressive growth in 2024. Apartment sales surged by 42% YoY, with 141,168 transactions generating Dh260.6 billion. Villa sales rose 21.1%, reaching 30,938 units worth Dh164.1 billion. Commercial property transactions increased 10.1% to 4,304 units, valued at Dh9.7 billion. Additionally, 4,352 plots were sold for Dh86.5 billion, a 2.6% rise compared to the previous year.
The sustained growth in Dubai’s property market underlines its status as a global investment hub, with experts anticipating continued momentum in 2025 fueled by ongoing infrastructure upgrades and favorable market conditions.
