News And Publications

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.

Dubai’s Roads and Transport Authority (RTA) announced that it has awarded the contract for the Dubai Metro Blue Line project to a consortium of three leading Turkish and Chinese companies: MAPA, LIMAK, and CRRC. The project, which spans 30 kilometres and includes 14 stations, is valued at AED20.5 billion.

Key takeaways:

• The wholesale and retail leads in terms of value, having reached AED28.68 billion growing 2.2% from the same period last year, contributing 24.7% to the GDP and driving growth by 17%.
• The real estate sector experienced a growth of 2.6% in the second quarter of 2024, accounting for 8.7% of Dubai’s GDP with a total value of AED10.15 billion and contributing 6.9% to growth.
• The transportation and storage sector achieved a total value of AED15.85 billion in Q2 this year, achieving a growth of 7.8% compared to the same period last year.
• The Financial and Insurance Activities achieved a total value of AED13.16 billion in Q2 this year, achieving a growth of 4.6% compared to the same period last year.
• The manufacturing sector achieved a total value of AED 10.6 billion in Q2 this year, achieving a growth of 2.5%, compared to the same period last year.