Dubai’s real estate market has continued its strong start to 2025, with property sales in February totaling AED51.1 billion ($13.91 billion), a 39.91 percent increase in value on the same month last year.
The latest report from fäm Properties reveals that last month’s total of 16,099 transactions also represented a 35.5 percent increase in volume over February 2024, making it one of the best-ever months on record.
“The data once again highlights the robust nature of Dubai’s real estate market and the steady growth it has experienced over the past few years. This reinforces Dubai’s position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional and global markets,” said Firas Al Msaddi, CEO of fäm Properties.
Villa sales surge 99.7 percent
Data from DXBinteract reveals that villa sales totaling AED18.8 billion climbed dramatically by 99.7 percent to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7 percent to 608.
Apartment sales worth AED21.4 billion climbed 21.3 percent in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1 percent increase in volume over February 2024. The average price per sq. ft was up by 3.4 percent to AED1,551.
Property sales grow 449 percent in 5 years
Over the last five years, Dubai’s real estate market witnessed a remarkable 449 percent increase in the value of sales rising from AED9.3 billion in 2020 to AED7.3 billion in 2021, AED15.4 billion in 2022, AED27.1 billion in 2023 and AED36.5 billion in 2024.
The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million. The most expensive apartment sold during the month went for AED116 million at The Rings – 1 at Jumeirah Second.
Overall, first sales from developers in Dubai’s real estate market were significantly greater than those of resales – 66 percent over 34 percent in terms of volume, and 62 percent against 38 percent in overall value.
With properties worth more than AED5 million accounting for 9 percent of total sales, 31 percent came in the AED1-2 million range, 25 percent below AED1 million, 19 percent between AED2-3 million and 15 percent between AED3-5 million.
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Top five performing areas and projects in February
Several areas stood out as the best performing in Dubai’s real estate market last month. In first place came Wadi Al Safa 5, recording 1,297 unit sales. Jumeirah Village Circle saw the sale of 1,246 units while Dubai Marina recorded 915 sales. In fourth place came Business Bay with the sale of 878 units and finally came Dubai South with 819 sales.
Meanwhile, the best-performing projects for off-plan apartments included Franck Muller Vanguard, Golf Dale, Saria, Golf Acres and Skyscape. For off-plan villas, the top five included La Tilia At Villanova Phase 2, La Tilia At Villanova Phase 1, Reportage Village 1, The Valley – Kaia and Nad Al Sheba Gardens Phase 7.
In the ready apartments segment, the best-performing projects last month were Lakeside, P23, Falcon Tower, KhK 24 and Sky Courts. As for ready villas, the top five included Nad Al Sheba Gardens Phase 7, Reem – Mira Oasis Community, Reem – Mira Oasis Community 3, Greenview 2 and Reem – Mira Oasis Community 2.
