News And Publications

Key Takeaways:

1. Authority records a 35.5% increase in net profit compared to 2023, underscoring its success in achieving its strategic objectives
2. DIEZ reports 18.4% revenue growth and 7.8% increase in EBITDA in 2024 compared to 2023
3. DIEZ announces a 9% growth in the number of registered companies operating within its economic zones
4. Number of employees in companies registered within DIEZ grows by 21% in 2024 compared to 2023

In yet another remarkable annual performance, Dubai welcomed 18.72 million international overnight visitors from January to December 2024, a 9% year-over-year increase that surpasses the previous record of 17.15 million in 2023, according to data from the Dubai Department of Economy and Tourism (DET).

Marking consecutive years of record-setting growth for the city, the achievement reinforces the city’s position as one of the world’s leading travel destinations, and demonstrates the success of its strategic approach in expanding the sector and investing in infrastructure and talent to meet growing demand.

Key Takeaways:

• The month of December emerged as the busiest month of 2024, with 8.2 million guests choosing DXB as their gateway and destination, reaffirming its position as the airport of choice for millions worldwide.
• The year 2024 results exceeded the forecast by almost 200,000 in guest numbers, underscoring the strength of DXB’s global appeal.
• By 2027, Dubai Airport is confident in reaching the milestone of 100 million annual guests.

Key Takeaways:

• Dubai’s Real Estate Sector records AED761 billion in transactions in 2024, accelerating growth towards 2033 goals.
• Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17% increase compared to 2023.
• Real estate transactions alone reach 226,000 in 2024, with a combined value of AED761 billion, a 36% y-o-y growth in volume and 20% rise in value.
• The sector recorded 217,000 investments valued at AED526 billion, reflecting impressive growth rates of 38% and 27% in number and value respectively.