GCC real estate transactions reached $78.2bn in Q1 2025, growing between 20.5 per cent and 22.3 per cent, according to estimates by Sakan.
Dubai once again emerged as the leading market in the GCC, posting $38.7bn in sales and accounting for nearly half of the region’s total transaction value.
Dubai’s real estate transactions were 23.4 per cent higher than the same period last year.
GCC real estate
Saudi Arabia follows as the second-largest market, with transactions totalling at least $20.3bn, capturing 26 per cent of the region’s market share.
The UAE as a whole, including markets Dubai, Abu Dhabi, Sharjah, and Ajman, collectively accounted for 65 per cent of the region’s total estimated transaction value, highlighting the country’s importance in the growth of the region’s property market.
Abu Dhabi registered the largest year-on-year growth at 34.5 per cent, followed by Sharjah (31.9 per cent), Ajman (29 per cent), and Kuwait (24 per cent).
Sakan CEO Abdullah Al Saleh said: “Our research at Sakan showed that the GCC real estate sector recorded $383bn in property transactions in 2024, growing by 25 per cent.
“We now see this growth being sustained in the first quarter of the year, despite economic tensions across the world. As real estate continues to offer a safe haven for investors in the GCC region and with artificial intelligence beginning to enhance real estate transactions, we expect to see sustained momentum in the property sector throughout the rest of 2025.”
- While the majority of the GCC markets already posted their Q1 results, data from Bahrain and Oman are still incomplete. Sakan estimated Bahrain and Oman transaction values based on historical and forecasted data. Saudi Arabia Q1 data compares figures from January 1 to March 25.
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