Dubai’s real estate market has maintained its upward trajectory in 2025, recording total sales worth AED142.7 billion ($38.85 billion) in the first quarter. This figure represents the second-highest quarterly figure on record and marks a 30.3 percent year-on-year leap in value.
During the first quarter of 2025, the city saw 45,485 sales transactions, up 22.8 percent compared to Q1 of 2024.
The latest report from fäm Properties revealed that the Q1 results were only marginally less than the all-time quarterly sales record of AED147.2 billion from 50,218 transactions in Q4 2024.
“Once again, we’re seeing figures which emphatically underscore the remarkable resilience and strength of Dubai’s real estate market, as the consistent growth of recent years continues. This sustained upward trend cements Dubai’s position as a prime real estate investment hub, drawing increasing interest from global investors alongside strong demand from local and regional buyers,” said Firas Al Msaddi, CEO of fäm Properties.
Plot sales surge by 193.8 percent
The first quarter of 2025 saw significant year-on-year increases in all real estate sectors across Dubai, led by a 193.8 percent jump in plot sales worth AED35.5 billion from 2,926 transactions.
Data from DXBinteract shows that villa sales rose by 43.1 percent year-on-year to AED41.3 billion from 8,369 deals. Meanwhile, apartment sales rose by 12.6 percent to AED62.3 billion from 32,884 transactions. In addition, commercial sales rose by 25.2 percent to AED3.6 billion from 1,212 deals.
Property prices trend up
Dubai’s real estate sector also continued to see a rise in property values last quarter, with the median price reaching AED1,563 per square foot, compared with the Q1 rates of AED889 in 2021, AED1,124 in 2022, AED1,283 in 2023 and AED1,497 last year.
Dubai’s Q1 property sales over the last five years have now risen to the current level from AED21 billion in 2020 to AED24.6 billion in 2021, AED54.6 billion in 2022, AED 89 billion in 2023 and AED109.5 billion last year.
In addition, the number of sales transactions has surged from 9,800 transactions in 2020 to 11,600 in 2021, 20,200 in 2022, 31,100 in 2023, and 37,000 last year.
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Top five performing areas
The report also revealed that the top five performing areas in Dubai’s real estate market last quarter were Jumeirah Village Circle, which recorded 3,605 transactions worth AED4.559 billion, and Wadi Al Safa, which recorded 3,596 transactions valued at AED7.642 billion.
Other top performing areas in Q1 included:
- Business Bay: 2,782 transactions valued at AED7.265 billion.
- Dubai South: 2,676 transactions valued AED8.745 billion.
- Dubai Marina: 2,583 transactions valued at AED9.284 billion.
The most expensive individual property sold in Q1 was a luxury villa at Dubai Hills Estate, which fetched AED140 million. Meanwhile, the most expensive apartment sold during the quarter sold for AED116 million at The Rings 1 at Jumeirah Second.
Properties worth AED1-2 million accounted for 31 percent of sales at 14,242 transactions, while properties below AED1 million contributed 26 percent of sales. Properties worth AED2-3 million accounted for 19 percent of sales and the ones between AED3-5 million contributed 15 percent of the total. Finally, properties in Dubai worth over AED5 million accounted for 9 percent of sales last quarter, with 3,939 transactions.
