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The Dubai real estate market continued its impressive upward trajectory earlier this year, with sales volumes rising by 17%, amounting to AED 41 billion through 14,929 transactions-a 15% increase month-on-month. Average property prices reached a record high of AED 1,505 per sq. ft., marking a 1.41% month-on-month growth. Off-plan sales dominated the market, representing 59% of transactions, reflecting growing investor confidence. One-bedroom apartments remained the top choice, while four-bedroom villas led in their category. Notable developers such as Emaar, Sobha Group, and Damac Properties drove significant sales value. Betterhomes reported a 60% surge in average villa prices and a 30% rise in apartment prices, with investor activity remaining robust.
The Dubai real estate market has sustained its upward momentum. Earlier this year, the sector witnessed a 17% rise in sales volumes, reaching AED 41 billion, based on 14,929 transactions. This represented a 15% increase month-on-month (MoM), reaffirming Dubai's resilience and its growing status as a global hotspot for property investment. Advertisement
Average property prices attained a historic peak of AED 1,505 per sq. ft., demonstrating a 1.41% MoM increase, up by AED 20.94 compared to the previous month. This figure is now the highest recorded price per sq. ft., far exceeding the all-time low of AED 716 per sq. ft. Such data reflects Dubai's consistent property value appreciation and the strong demand present in the market.
Off-plan properties led this surge in activity, accounting for 59% of all sales, which underscored investor confidence in Dubai's long-term growth prospects and ongoing development projects.
Apartments remained the most sought-after property type, with one-bedroom units comprising 43% of total sales, followed by two-bedroom units at 26%. In the villa and townhouse segment, four-bedroom properties were in highest demand, representing 51% of sales, while three-bedroom villas made up 32%.
Christopher Cina, Director of Sales at Betterhomes, commented that these figures reflected the trust and confidence that both buyers and investors placed in Dubai's future. Cina observed sustained growth in buyer interest, particularly among residents transitioning from renting to ownership, influenced by historically high rental rates.
Cina highlighted that off-plan sales were leading the market and that key communities were displaying notable price appreciation, making the present a favourable time for both investors and homeowners to benefit from Dubai's continued growth.
Among the leading developers driving Dubai's real estate market earlier this year, Emaar dominated with transactions totalling AED 4.11 billion, reaffirming its position as a key player in the sector. Sobha Group followed with sales worth AED 1.44 billion. Damac Properties secured AED 0.82 billion in sales, while Omniyat recorded AED 0.78 billion. Dubai Properties achieved AED 0.65 billion in sales, supported by its well-positioned projects and broad appeal among investors and end-users alike.
Internal data from Betterhomes indicated a notable increase in prices, with the average villa price surging by 60% MoM to AED 11.48 million. Apartment prices also experienced a substantial rise of 30%, bringing the average to AED 2.26 million.
The most popular communities for apartment buyers included Motor City, Jumeirah Village Circle, and Dubai Marina. In contrast, villas in Jumeirah Golf Estates, The Villa, and Meadows were the most sought-after locations.
Betterhomes' data further revealed a significant 25% MoM increase in buyer leads. Of these, investors comprised 47% of transactions, while end-users made up 53%. Mortgage transactions accounted for 64%, indicating that buyers continued to favour financing options, supported by attractive lending rates.
This upward trend in prices and transaction volumes further cemented Dubai's status as a global leader in luxury real estate. The sustained demand and prevailing investor optimism continued to propel the market to unprecedented heights.
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