DUBAI: Dubai’s property market has achieved record-breaking sales in the first quarter of 2025.
A total of 45,474 property transactions worth AED142.7 billion (over USD 38 billion) were recorded in the first three months of the year.
According to real estate data, these figures show a 22% increase in the number of deals and a 30% rise in value compared to the same period last year.
High demand for ready properties
The market for ready properties, including homes, apartments, and buildings, performed exceptionally well. There were 20,034 transactions worth AED 87.5 billion (around USD 25 billion). This marks a 21% increase in the number of deals and a 34% rise in their value over the past two years.
Off-plan properties dominate sales
Off-plan properties accounted for 56% of all transactions. A total of 25,440 off-plan deals were recorded, worth AED 55.2 billion (approximately USD 15.7 billion). This is a 24% increase compared to the first quarter of 2024.
Growing demand for housing
Experts in the construction sector say the rise in ready property sales reflects a shift among residents. Rising rental costs are encouraging more people to purchase homes instead of renting.
Abu Dhabi sees growth in luxury properties
Abu Dhabi’s property market also showed significant growth. Sales of ready properties increased by 9%, while their value surged by 75%, reaching AED 9.6 billion (around USD 2.7 billion).
