Amid Dubai’s ongoing economic expansion across all sectors, including real estate, the Dubai Data & Statistics Establishment, part of the Digital Dubai Authority, in collaboration with the Dubai Land Department, has released the Real Estate Index Report for Q4 and 2024. The report highlights key developments in the residential and commercial real estate markets, providing insights into major trends influencing prices and market growth.
According to the report, residential property prices recorded an annual increase of 11.62% in 2024, reflecting strong demand for villas and apartments. This growth was driven by several factors, including a stable economic environment and increasing interest from both local and international investors in Dubai’s real estate market. As well, residential property prices in Q4 2024 increased by 1.99% from the previous quarter, reflecting steady demand and a well-balanced market growth.
On the commercial front, property prices rose by 13.19% annually in 2024, driven by growing demand for office and retail spaces amid Dubai’s thriving business environment. Ongoing development projects have further enhanced market competitiveness. In Q4 2024, commercial property prices surged by 7.45% compared to Q3, reflecting sustained investment growth and increasing demand for premium commercial spaces.
Commenting on this report, His Excellency Hamad Obaid Al Mansoori, Director General of Digital Dubai, said: “This strategic report marks a significant milestone in our ongoing collaboration with the Dubai Land Department—an institution that plays a pivotal role in shaping Dubai’s economic landscape. Our joint efforts remain focused on producing data-driven reports that reflect a fundamental principle of the digital age: impactful decisions begin with a clear, analytical understanding of present realities. By leveraging digital data and advanced analytics, we aim to provide precise, objective insights that empower informed, future-ready decision-making.
At Digital Dubai, data is a cornerstone of our strategy to digitalize life in the city and position Dubai as a global model for future-ready cities—an ideal place to live and thrive. Our efforts are focused on improving quality of life, supporting the pillars of the national economy, and advancing the goals of Dubai’s D33 Economic Agenda.”
His Excellency Eng. Marwan Ahmed bin Ghalita, Director General of Dubai Land Department, said: "Dubai is undergoing a strategic transformation in the real estate sector, and these indicators reflect the success of our policies aimed at balancing sustainable growth with attracting global investments. We are working on developing a fully integrated real estate ecosystem that supports the emirate’s vision of being a global hub for investment and living. We are proud of our partnership with the Dubai Data and Statistics Establishment to issue this report, which underscores the attractiveness of Dubai’s real estate market both locally and internationally.”
H.E. added: “The growing confidence in the sector and this remarkable growth are the result of the wise initiatives adopted by the Government of Dubai. At the Dubai Land Department, we will continue to support investors and market stakeholders by providing accurate and reliable data to help them make well-informed investment decisions, further strengthening Dubai’s position as a leading global real estate hub.”
His Excellency Younus Al Nasser, CEO of the Dubai Data and Statistics Establishment, stated: “This report marks an important step in integrating data-driven practices into the analysis of real estate trends. It provides decision-makers with a solid foundation for developing policies informed by accurate and comprehensive indicators. Through such initiatives, we aim to strengthen the role of data in strategic planning and offer a reliable reference point for assessing performance across key sectors.
At the Establishment, we are committed to advancing a resilient and agile data ecosystem that aligns with Dubai’s forward-looking vision and reinforces the city’s global leadership in data and statistics. This report forms part of a broader series of studies and publications regularly issued by the Establishment in line with its strategic mandate to govern and manage data—supporting the core pillars of the Digital Dubai Strategy, particularly in the areas of data and statistics—as we contribute to shaping the future of Dubai under the guidance of our visionary leadership.”
According to the report, the real estate sector is on a trajectory of continued growth, driven by several key factors, most notably the robust economic recovery, deep investor confidence, and legislative reforms that have enhanced the investment climate and streamlined property ownership processes. In addition to the rising of local and international demand for residential and commercial properties, coupled with government-led initiatives supporting sustainable development, has further reinforced Dubai’s position as a global real estate investment hub.
The report is part of a strategic collaboration between the Digital Dubai Authority and the Dubai Land Department, aimed at providing accurate and reliable data to support decision-makers and investors in shaping future strategies based on well-researched insights.
