fäm Properties has issued a Dubai market update and it revealed that the Q1 2025 results were only fractionally down on the all-time quarterly sales record of AED 147.2bn from 50,218 transactions in Q4 2024.
The buoyant start to 2025 is the second-highest quarterly figure on record. This represented a 30.3% year-on-year leap in value, while the 45,485 overall sales transactions also meant a 22.8% year-on-year increase.
The first quarter of 2025 saw significant year-on-year increases in all real estate sectors, led by a 193.8% jump in plot sales worth AED 35.5bn from 2,926 transactions.
Data from DXBinteract shows villa sales were up by 43.1% year-on-year to AED 41.3bn from 8,369 deals, while apartment sales rose by 12.6% to AED 62.3bn from 32,884 transactions. Commercial sales were also up by 25.2% to AED3.6bn from 1,212 deals.
Rising property values in recent years were highlighted by a Q1 median price of AED 1,563 per sq ft, compared with the Q1 rates of AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023 and AED 1,497 last year.
“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.”
Firas Al Msaddi, CE, fäm Properties
Dubai’s Q1 property sales over the last five years have now risen to the current level from AED 21bn (9,800 transactions) in 2020 to AED 24.6bn (11,600) in 2021, AED 54.6bn (20,200) in 2022, AED 89bn (31,100) in 2023 and AED 109.5bn (37,000) last year.
The top five performing areas of Dubai in terms of volume in Q1 2025 were:
- Jumeirah Village Circle: 3,605 transactions valued at AED 4.559bn.
- Wadi Al Safa: 3,596 transactions valued AED 7.642bn.
- Business Bay: 2,782 transactions valued at AED 7.265bn.
- Dubai South: 2,676 transactions valued AED 8.745bn.
- Dubai Marina: 2,583 transactions valued at AED9.284bn.
