Dubai’s real estate market has continued its buoyant start to 2025, recording total sales worth AED142.7bn ($38.9bn) in Q1, the second highest quarterly figure on record.
This represented a 30.3 per cent year-on-year leap in value, while the 45,485 overall sales transactions also meant a 22.8 per cent year-on-year increase.
A market update issued by fäm Properties revealed that the Q1 results were only fractionally down on the all-time quarterly sales record of AED147.2bn ($40.1bn) from 50,218 transactions in Q4 2024.
Dubai real estate 2025
The first quarter of 2025 saw significant year-on-year increases in all real estate sectors, led by a 193.8 per cent jump in plot sales worth AED35.5bn ($9.7bn) from 2,926 transactions.
Data from DXBinteract shows villa sales were up by 43.1 per cent year-on-year to AED41.3bn ($11.2bn) from 8,369 deals, while apartment sales rose by 12.6 per cent to AED62.3bn ($17bn) from 32,884 transactions.
Commercial sales were also up by 25.2 per cent to AED3.6bn ($980m) from 1,212 deals.
Rising property values in recent years were highlighted by a Q1 median price of AED1,563 ($426) per sq ft, compared with the Q1 rates of AED889 ($242) in 2021, AED1,124 ($306) in 2022, AED1,283 ($349) in 2023 and AED1,497 ($408) last year.
Firas Al Msaddi, CEO of fäm Properties, said: “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.
“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 sales over the last five years have now risen to the current level from:
- AED21bn ($5.7bn): From 9,800 transactions in 2020
- AED24.6bn ($6.7bn): From 11,600 transactions in 2021
- AED54.6bn ($14.1bn): From 20,200 transactions in 2022
- AED89bn($24.2bn): From 31,100 transactions in 2023
- AED109.5bn ($29.1bn): From 37,000 transactions last year
The top five performing areas of Dubai in terms of volume in Q1 were:
- Jumeirah Village Circle: 3,605 transactions valued at AED4.559bn ($1.2bn)
- Wadi Al Safa: 3,596 transactions valued AED7.642bn ($2.1bn)
- Business Bay: 2,782 transactions valued at AED7.265bn ($2bn)
- Dubai South: 2,676 transactions valued AED8.745bn ($2.4bn)
- Dubai Marina: 2,583 transactions valued at AED9.284bn ($2.5bn)
The most expensive individual property sold in Q1 was a luxury villa at Dubai Hills Estate which fetched AED140m ($38.1m).
The most expensive apartment sold during the quarter went for AED116m ($31.6m) at The Rings 1 at Jumeirah Second.
With properties worth AED1-2m ($272,000-545,000) accounting for 31 per cent of sales (14,242), 26 per cent (11,899) were below AED1m ($272,000), 19 per cent (8,567) between AED2-3m ($545,000-817,000), 15 per cent (6,837) between AED3-5m ($817,000-1.4m), and 9 per cent (3,939) more than AED5m ($1.4m).
Overall, first sales from developers significantly outnumbered re-sales in the secondary market – 65 per cent over 35 per cent in terms of volume and 61 per cent against 39 per cent in value.
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