Land Transactions Lead Growth as All Sectors Experience Significant Year-on-Year Gains
Dubai’s real estate market has maintained its momentum into 2025, posting an impressive AED 142.7 billion in total sales during the first quarter, marking the second-highest quarterly figure on record.
This performance represents a 30.3% year-on-year growth in value, with 45,485 transactions completed—a 22.8% increase compared to the same period last year.
According to a recent market update, while Q1 2025 results came in just slightly below the all-time quarterly sales record of AED 147.2 billion from 50,218 transactions in Q4 2024, the growth remains remarkable.
All real estate sectors showed notable year-on-year improvements in Q1, with land deals taking the lead, soaring by 193.8% to AED 35.5 billion from 2,926 transactions.
Sales of villas rose by 43.1% to AED 41.3 billion, driven by 8,369 deals, while apartment sales grew by 12.6% to AED 62.3 billion across 32,884 transactions. Commercial property transactions also increased by 25.2%, reaching AED 3.6 billion from 1,212 deals.
The surge in property values was reflected in the Q1 median price of AED 1,563 per square foot, significantly higher than AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023, and AED 1,497 last year.
The top five performing areas in Dubai for transaction volume in Q1 were:
- Jumeirah Village Circle: 3,605 transactions valued at AED 4.559 billion
- Wadi Al Safa: 3,596 transactions valued at AED 7.642 billion
- Business Bay: 2,782 transactions valued at AED 7.265 billion
- Dubai South: 2,676 transactions valued at AED 8.745 billion
- Dubai Marina: 2,583 transactions valued at AED 9.284 billion
The most expensive property sold during the quarter was a luxury villa at Dubai Hills Estate, which fetched AED 140 million. The priciest apartment transaction was a AED 116 million sale at The Rings 1, located in Jumeirah Second.
