Dubai Property Market Enjoys Big Start To 2025 As January Sales Hit AED44.4 Billion

(MENAFN- Mid-East Info) Land sales show biggest increase, as 14,236 overall transactions underline city as prime destination for property investment

Dubai, UAE, 5^th February, 2025: Dubai's Real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year.

A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024.

Land sales for January showed the biggest increase, with 811 plots – a 151.9% month-on-month leap in volume – selling for AED8.6 billion.

Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117

compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945.

A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020.

“The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,” said Firas Al Msaddi, CEO of fäm Properties.

“This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.”

Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year.

The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat.

Overall, first sales from developers were significantly greater than those of resales – 65% over 35% in terms of volume, and 60% against 40% in overall value.

With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million.

JANUARY 2025 – Top five performing areas in terms of overall sales volume

Wadi Al Safa 5 1,400 units

Jumeirah Village Circle 982

Dubai South 942

Al Yelayiss 1 868

Business Bay 761

BEST-SELLING PROJECTS

Off-plan apartments Units Value AED

Terra Heights 493 891.1m

Verdes By Haven 1 155 296.4m

Lacina 150 313.3m

Claydon House By Ellington 113 238.7m

Diamondz By Danube 103 265.3m

Off-plan villas

La Tilia At Villanova Phase 2 106 346.7m

La Tilia At Villanova Phase 1 103 327.7m

Reportage Village 70 101.9m

The Valley – Velora 56 182.4m

Greenville 2 55 209.5m

Ready apartments

Remraam 43 34.2m

Rukan 37 27.2m

Maya 2 36 25m

Lakeside 35 14.5m

Sky Courts 30 18.4m

Ready villas

Reem – Mira Oasis

Community Phase 2 10 29.4m

The Fields At D11 MBRC 9 35.7m

Reem – Mira Oasis Community 8 22.6m

Shams Townhouses 8 21.1m

Seasons Community – Autumn 8 20m

Ends

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