The surge in sales is attributed to several factors, including a robust demand for luxury properties, favourable government policies, and a steady influx of high-net-worth individuals seeking residency in Dubai. The city's strategic initiatives, such as the Golden Visa program, have further enhanced its attractiveness as a global real estate hub.
In January 2025 alone, the market recorded AED 44.4 billion in sales, marking a 24.1% increase compared to the same month in the previous year. This upward trajectory continued through February and March, culminating in the impressive first-quarter total.
The off-plan property segment experienced significant activity, with 24,920 transactions in Q1 2025, reflecting a 25% year-on-year increase from 20,006 transactions in Q1 2024. The total sales value for off-plan properties reached AED 53.8 billion, up 21% from AED 44.4 billion in the corresponding period last year.
Apartments dominated the off-plan market, accounting for approximately 87% of total transactions. However, the villa and townhouse segments exhibited the fastest growth rates. Villa sales nearly tripled year-on-year, while townhouse transactions increased by 51%, indicating a diversifying market catering to various investor preferences.
The average price per square foot across all property types reached AED 1,565, an 8.6% increase from December 2023. This rise in property valuations reflects the escalating demand and the premium investors are willing to pay for properties in prime locations.
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