Dubai launched approximately 50,000 new residential units in 2024, with ongoing projects set to add tens of thousands more in the coming years.In 2024, Dubai's real estate market reached a record...
In 2024, Dubai's real estate market reached a record high with 50,000 new residential units launched, marking a 25% increase from 40,000 units in 2023 and continuing a consistent upward trend from previous years (35,000 in 2022, 30,000 in 2021, and 25,000 in 2020) . This surge is driven by rising foreign investment, population growth, and attractive payment plans offered by developers . Currently, there are 1,034 active construction projects in Dubai, collectively adding around 287,827 units under development . The forecast anticipates 41,800 new units in 2025 and 48,400 units in 2026, reflecting sustained growth in the housing sector . Several major projects contribute to this expansion. For example, The Yards in Dubailand is a new AED4 billion development featuring 1,560 homes, green spaces, retail outlets, and lifestyle amenities . Off-plan properties remain highly popular, accounting for approximately 70% of all sales transactions in 2025, highlighting strong investor interest . Overall, Dubai's property market continues to expand rapidly, with new launches and ongoing construction ensuring a steady increase in housing stock to meet the growing demand from residents and investors .
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