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Dubai's real estate market has sustained its robust start to 2025, recording AED 142.7 billion in total sales during the first quarter, marking the second-highest quarterly figure on record. This represents a 30.3% year-on-year increase in value, with 45,485 transactions reflecting a 22.8% rise. Data from fam Properties indicates that Q1 figures were marginally lower than the all-time record of AED 147.2 billion in Q4 2024. Notably, plot sales surged by 193.8%, while villa, apartment, and commercial sales also witnessed substantial growth. The median property price per sq ft rose to AED 1,563, continuing the upward trend of recent years. The most expensive property sold was a villa at Dubai Hills Estate for AED 140 million, while Jumeirah Village Circle recorded the highest number of transactions. This sustained market strength underscores Dubai's position as a leading global investment hub.
Dubai's property market has continued its buoyant trajectory in 2025, with total sales reaching AED 142.7 billion in Q1, the second-highest quarterly figure on record. This reflects a 30.3% year-on-year increase, while the 45,485 transactions recorded represent a 22.8% rise compared to the previous year. Advertisement
A market update from fam Properties highlighted that Q1 results were slightly lower than the record-breaking AED 147.2 billion in Q4 2024, which stemmed from 50,218 transactions. The first quarter of 2025 saw remarkable growth across all real estate sectors, particularly plot sales, which soared by 193.8% to AED 35.5 billion from 2,926 transactions.
Data from DXBinteract revealed significant increases in sales across different property segments. Villa sales increased by 43.1% year-on-year to AED 41.3 billion from 8,369 transactions. Apartment sales rose by 12.6% to AED 62.3 billion from 32,884 deals, while commercial sales climbed by 25.2% to AED 3.6 billion from 1,212 transactions.
The sustained rise in property values was evident in the Q1 median price per sq ft, which stood at AED 1,563. This reflects consistent appreciation from AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023, and AED 1,497 in 2024.
Firas Al Msaddi, CEO of fam Properties, remarked that the latest figures reaffirm the resilience and strength of Dubai's real estate sector. He noted that the ongoing upward trend cements Dubai's reputation as a prime investment destination, attracting both global investors and strong regional demand.
Dubai's Q1 property sales have shown remarkable growth over the past five years, rising from AED 21 billion with 9,800 transactions in 2020 to AED 24.6 billion with 11,600 transactions in 2021, AED 54.6 billion with 20,200 transactions in 2022, AED 89 billion with 31,100 transactions in 2023, and AED 109.5 billion with 37,000 transactions in 2024.
The highest-performing areas in Q1 were Jumeirah Village Circle with 3,605 transactions valued at AED 4.559 billion, Wadi Al Safa with 3,596 transactions valued at AED 7.642 billion, Business Bay with 2,782 transactions valued at AED 7.265 billion, Dubai South with 2,676 transactions valued at AED 8.745 billion, and Dubai Marina with 2,583 transactions valued at AED 9.284 billion.
The most expensive property sale in Q1 was a luxury villa at Dubai Hills Estate, which sold for AED 140 million, while the highest-priced apartment was sold for AED 116 million at The Rings 1 in Jumeirah Second.
In terms of price segments, properties worth AED 1-2 million accounted for 31% of total sales with 14,242 transactions, while 26% or 11,899 transactions were below AED 1 million. Around 19% of sales, equivalent to 8,567 transactions, fell within the AED 2-3 million range, whereas 15% or 6,837 transactions ranged between AED 3-5 million. Transactions exceeding AED 5 million made up 9% of the total, amounting to 3,939 transactions.
First sales from developers significantly outpaced re-sales in the secondary market, with 65% of total volume attributed to new property sales versus 35% for re-sales. In terms of value, new sales accounted for 61%, compared to 39% from the secondary market. With all these trends in place, Dubai's real estate sector remains set for continued expansion, solidifying its reputation as one of the world's most dynamic property markets.
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