UAE Real Estate Sector to Hit $759bn by 2029 Amid Dubai and Abu Dhabi Property Boom

The UAE real estate market is on a remarkable growth trajectory, with projections estimating its value to soar to $759 billion by 2029. This boom is largely fueled by Dubai’s record-breaking performance and Abu Dhabi’s expanding property landscape.

Dubai Leading the Charge

Dubai remains the epicenter of the UAE’s real estate success. In Q2 alone, Dubai recorded AED 153.7 billion in property sales, reflecting both investor confidence and the city’s appeal as a global hub for luxury and off-plan properties. The surge in high-net-worth individuals relocating to Dubai, coupled with government-backed initiatives, has further strengthened the emirate’s position.

Abu Dhabi’s Expanding Market

While Dubai dominates in volume, Abu Dhabi is rapidly carving its niche. The capital’s property market is seeing significant growth across residential, commercial, and mixed-use developments. Strategic projects and attractive investment opportunities continue to draw both local and international buyers.

Key Drivers of Growth

• Off-plan demand: Buyers are increasingly investing in off-plan projects, drawn by flexible payment plans and high capital appreciation potential.
• Luxury housing: Ultra-luxury villas, branded residences, and waterfront properties are witnessing unprecedented demand.
• Foreign investment: Investor-friendly policies, golden visas, and a safe economic environment make the UAE a preferred destination for global investors.

Employment Growth & Sector Impact

The booming property market is not only reshaping skylines but also boosting employment. The UAE hiring market is set for a surge in 2025, particularly in sectors such as construction, real estate services, architecture, interior design, and property technology (PropTech). Real estate’s expansion consolidates its role as a key engine of the country’s economic growth.

Looking Ahead

With Dubai and Abu Dhabi driving momentum, the UAE real estate sector is positioned for sustained growth. By 2029, reaching the projected $759 billion milestone, the sector will continue to be a magnet for investors, professionals, and global residents seeking luxury, stability, and opportunity.

Conclusion: The UAE’s real estate boom is more than just a market trend—it’s a transformative force fueling the nation’s economic growth, creating jobs, and reinforcing its status as a global investment hotspot.

I’ve drafted the blog for you highlighting the UAE real estate sector’s growth to $759bn by 2029, with Dubai and Abu Dhabi driving the boom. 🚀