diff --git a/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy b/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
index 114c72afa8f0..ac6e5b6b863b 100644
--- a/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
+++ b/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
@@ -317,7 +317,7 @@ class BeamModulePlugin implements Plugin<Project> {
 
     // Automatically use the official release version if we are performing a release
     // otherwise append '-SNAPSHOT'
-    project.version = '2.23.0'
+    project.version = '2.24.0'
     if (!isRelease(project)) {
       project.version += '-SNAPSHOT'
     }
diff --git a/gradle.properties b/gradle.properties
index 22f2c251bd7e..49a58194e34c 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -23,8 +23,8 @@ offlineRepositoryRoot=offline-repository
 signing.gnupg.executable=gpg
 signing.gnupg.useLegacyGpg=true
 
-version=2.23.0-SNAPSHOT
-sdk_version=2.23.0.dev
+version=2.24.0-SNAPSHOT
+sdk_version=2.24.0.dev
 
 javaVersion=1.8
 
diff --git a/sdks/python/apache_beam/version.py b/sdks/python/apache_beam/version.py
index 964e46428565..e1d3ef1d2054 100644
--- a/sdks/python/apache_beam/version.py
+++ b/sdks/python/apache_beam/version.py
@@ -17,4 +17,4 @@
 
 """Apache Beam SDK version information and utilities."""
 
-__version__ = '2.23.0.dev'
+__version__ = '2.24.0.dev'