17 February 2025

Dubai Real Estate Sales Surpass $12 Billion in January 2025

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Dubai’s real estate market had a strong start to 2025, with total property sales in January reaching AED44.4 billion ($12.1 billion), marking a 24.1% increase compared to the same period last year. The number of transactions rose by 23.2%, totaling 14,236 deals.

Land and Luxury Property Sales Surge

The land sector recorded the highest growth, with 811 land transactions worth AED8.6 billion ($2.3 billion), a 151.9% increase compared to the previous month.

Villa sales also surged, with 3,117 transactions totaling AED16.4 billion ($4.5 billion), reflecting an 89.6% increase year-over-year. Apartment sales saw a 7.1% rise, with 9,945 transactions amounting to AED18.2 billion ($5 billion).

Commercial real estate transactions totaled AED1.2 billion ($327 million), marking a 17.9% growth.

Dubai Property Prices: A Five-Year Growth Trend

The average price per square foot decreased slightly by 4%, reaching AED1,550 ($422). However, this still represents an 81.2% increase compared to January 2020, when prices averaged AED855 ($233).

Sales Growth Over the Last Five Years

  1. January 2020: AED4.8 billion / 2,700 transactions
  2. January 2021: AED6.6 billion / 3,300 transactions
  3. January 2022: AED16.3 billion / 5,700 transactions
  4. January 2023: AED27.8 billion / 9,700 transactions
  5. January 2024: AED35.8 billion / 11,600 transactions
  6. January 2025: AED44.4 billion / 14,236 transactions

Overall, sales volume has grown by 822% over the past five years.

Most Expensive Deals in January 2025

The most expensive transaction of the month was a villa in Dubai Hills Estate, sold for AED140 million ($38.1 million). The most expensive apartment sold for AED57 million ($15.5 million) at Ava At Palm Jumeirah By Omniyat.

Primary Market Dominates

Developer sales significantly outpaced resales:

  1. 65% of transactions were in the primary market versus 35% in the resale market
  2. 60% of the total sales value came from new developments versus 40% from resales

Sales distribution by price range:

  1. 9% – properties above AED5 million ($1.4 million)
  2. 31% – between AED1-2 million ($272,000 – $545,000)
  3. 27% – below AED1 million ($272,000)
  4. 20% – between AED2-3 million ($545,000 – $817,000)
  5. 14% – between AED3-5 million ($817,000 – $1.4 million)

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