News

Dubai Government Earns AED 5.7B from Real Estate Sales in Q1

April 28, 2025

Dubai Government revenues from total real estate market sales during the first quarter of 2025, which amounted to AED 142.6 billion (USD 38.8 billion), recorded a notable jump of 29.5% to AED 5.7 billion (USD 1.55 billion), equivalent to AED 1.9 billion monthly (USD 517 million), compared to around AED 4.4 billion (USD 1.2 billion) (about AED 1.46 billion monthly (USD 398 million)) during the same period in 2024. This increase was driven by the 4% property registration fee on sales and purchase transactions.

Key Takeaways:

2024 real estate sales: AED 522B (~USD 142B), a new record.
Govt revenues (2024): AED 20.9B (~USD 5.7B), up 30.6%.
Transactions (2024): AED 760.7B (~USD 207B) across 226K deals.
Q1 2025 revenues: AED 5.7B (~USD 1.55B), up 29.5%.

Meanwhile, the revenues of Dubai Government from total real estate sector sales in 2024 grew by 30.6% to AED 20.9 billion ( USD 5.7 billion), at a rate of AED 1.74 billion per month (USD 474 million), compared to about AED 16 billion ( USD 4.36 billion) (approximately AED 1.33 billion monthly (USD 362 million)) in 2023.

Thus, cumulative sales revenues over the four years (2021–2024) have approached AED 53.6 billion (USD 14.6 billion), based on the 4% property registration fee on sales and purchase transactions from the total value of real estate.

Real estate sales in Dubai reached over AED 522 billion (USD 142.2 billion) in 2024, AED 401.1 billion (USD 109.3 billion) in 2023, approximately AED 265.6 billion (USD 72.4 billion) in 2022, and nearly AED 149 billion (USD 40.6 billion) in 2021.

Dubai’s real estate transactions broke previous records, with a total value exceeding AED 760.7 billion (USD 207 billion) in 2024, resulting from 226,000 transactions — a 19.8% increase compared to 2023, when the total stood at AED 634 billion (USD 172.8 billion). The number of transactions also rose by 36.1% compared to 166,400 real estate transactions, according to the Dubai Land Department.

According to the Department, sales alone reached over AED 522 billion (USD 142.2 billion) by the end of 2024, resulting from 180,000 transactions. Mortgages approached AED 187 billion (USD 50.9 billion) from 35,000 deals, while grants exceeded AED 51 billion (USD 13.9 billion) from 9,372 transactions during 2024.