Dubai’s real estate market has kicked off 2025 with strong momentum, recording a total of AED 142.7 billion in sales during the first quarter. This marks a 30.3% year-on-year increase in value, with 45,485 transactions, up 22.8% from last year. While this figure is just slightly below the record of AED 147.2 billion set in the fourth quarter of 2024, the Q1 results still demonstrate the market's continued strength.
Land sales led the charge, showing a massive 193.8% increase, reaching AED 35.5 billion across 2,926 transactions. Villa sales also performed well, rising by 43.1% to AED 41.3 billion from 8,369 deals. Apartment sales increased by 12.6%, totaling AED 62.3 billion from 32,884 transactions, while commercial sales grew by 25.2%, reaching AED 3.6 billion from 1,212 deals.
Property values have seen a steady rise, with the median price per square foot in Q1 reaching AED 1,563, compared to AED 889 in 2021. The market’s resilience continues to attract both local and international investors, cementing Dubai’s position as a leading global real estate hub.
The top-performing areas in terms of transaction volume were Jumeirah Village Circle, Wadi Al Safa, Business Bay, Dubai South, and Dubai Marina. The most expensive property sold was a luxury villa in Dubai Hills Estate, fetching AED 140 million, while a luxury apartment at The Rings 1 in Jumeirah Second sold for AED 116 million.
The first-quarter market saw a predominance of developer sales, with new properties making up 65% of the transactions. As Dubai’s real estate market shows no signs of slowing down, the year ahead promises continued growth and strong demand.
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