Dubai’s actual property market has continued its buoyant begin to 2025, recording complete gross sales price AED 142.7 billion in Q1, the second highest quarterly determine on file.
This represented a 30.3% year-on-year leap in worth, whereas the 45,485 general gross sales transactions additionally meant a 22.8% year-on-year improve.
A market replace issued at present by fäm Properties revealed that the Q1 outcomes had been solely fractionally down on the all-time quarterly gross sales file of AED 147.2 billion from 50,218 transactions in This fall 2024.
The first quarter of 2025 noticed important year-on-year will increase in all actual property sectors, led by a 193.8% bounce in plot gross sales price AED35.5 billion from 2,926 transactions.
Data from DXBinteract exhibits villa gross sales had been up by 43.1% year-on-year to AED41.3 billion from 8,369 offers, whereas condo gross sales rose by 12.6% to AED 62.3 billion from 32,884 transactions. Commercial gross sales had been additionally up by 25.2% to AED3.6 billion from 1,212 offers.
Rising property values lately had been highlighted by a Q1 median worth of AED 1,563 per sq ft, in contrast with the Q1 charges of AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023 and AED 1,497 final 12 months.
“Once again we’re seeing figures which emphatically underscore the remarkable resilience and strength of Dubai’s real estate market, as the consistent growth of recent years continues,” stated Firas Al Msaddi, CEO of fäm Properties.
“This sustained upward trend cements Dubai’s position as a prime real estate investment hub, drawing increasing interest from global investors alongside strong demand from local and regional buyers.”
Dubai’s Q1 property gross sales during the last 5 years have now risen to the present stage from AED 21 billion (9,800 transactions) in 2020 to AED 24.6 billion (11,600) in 2021, AED 54.6 billion (20,200) in 2022, AED 89 billion (31,100) in 2023 and AED 109.5 billion (37,000) final 12 months.
The prime 5 performing areas of Dubai when it comes to quantity in Q1 had been:
- Jumeirah Village Circle: 3,605 transactions valued at AED 4.559 billion
- Wadi Al Safa: 3,596 transactions valued AED7.642 billion
- Business Bay: 2,782 transactions valued at AED 7.265 billion
- Dubai South: 2,676 transactions valued AED 8.745 billion
- Dubai Marina: 2,583 transactions valued at AED9.284 billion
The most costly particular person property offered in Q1 was a luxurious villa at Dubai Hills Estate which fetched AED 140 million. The most costly condo offered throughout the quarter went for AED 116 million at The Rings 1 at Jumeirah Second.
With properties price AED1-2 million accounting for 31% of gross sales (14,242), 26% (11,899) had been beneath AED1 million, 19% (8,567) between AED2-3 million, 15% (6,837) between AED3-5 million, and 9% (3,939) greater than AED5 million.
Overall, first gross sales from builders considerably outnumbered re-sales within the secondary market – 65% over 35% when it comes to quantity and 61% towards 39% in worth.