(MENAFN- Mid-East Info) Off-Plan Dominates as Buyer Demand Soars, Prices See Minor Correction

Dubai's real estate sector maintained its upward momentum in January 2025, closing the month with 13,019 sales transactions totalling AED 35 billion. This marks a 5% month-over-month (MoM) increase in value from December 2024, reinforcing the market's resilience and continued investor confidence. Off-plan properties continue to dominate, accounting for 56% of total sales.

This trend highlights the strong demand for newly launched projects and is expected to persist throughout the year. Leading developers in the off-plan sector, based on total sales value, include Emaar, Sobha, and Danube. By the end of January, the average price per square foot stood at AED 1,484, reflecting a 0.57% MoM dip, a slight market correction following December 2024's highs.

According to Betterhomes' internal data, the average property selling prices in January 2025 were:

• AED 1.75 million for apartments
• AED 2.67 million for townhouses
• AED 7.18 million for villas

The start of 2025 also witnessed a 56% MoM increase in buyer leads, signalling strong demand. The majority of Betterhomes' sales transactions were driven by mortgage financing, with investors playing a key role in market activity.

The most sought-after apartment communities at Betterhomes in January 2025 were:

• Jumeirah Lakes Towers (JLT)
• Business Bay
• Dubai Marina

For villas, the top-performing areas were:

• Dubailand
• Arabian Ranches
• Damac Hills 2

Dubai's property market remains on a strong growth trajectory, supported by sustained buyer demand, competitive financing options, and an active off-plan sector. With investors and end-users alike continuing to engage in the market, 2025 is poised to be another dynamic year for real estate in the emirate.

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