Dubai's property market has recorded its best-ever month in April, with transaction values soaring to Dh62.1 billion, marking an impressive 94% year-on-year increase. This surge is largely attributed to high-value deals involving villas in Palm Jebel Ali (PJA) and properties sold by Emaar at The Oasis.
The rise in demand for premium properties in newer developments is a positive indicator for the overall market. Palm Jebel Ali, in particular, has become a magnet for new investors, attracting substantial capital inflows. This trend is expected to support continued growth across Dubai's property sector.
Direct sales from developers were a key driver of the market's performance, contributing Dh34.2 billion in transactions, a remarkable 124% increase compared to April 2024. Secondary market sales also saw a significant rise, reaching Dh28 billion from more than 7,700 transactions, up 67% in value and 66% in volume from last year.
Noteworthy transactions in April included a landmark Dh1.45 billion land deal in the DMCC-EZ2 area for the upcoming Sobha Central development in Jebel Ali. According to the report, strong resale activity in prominent communities such as Palm Jumeirah, Jumeirah Village Circle (JVC), and Dubai Marina also played a vital role in pushing overall transaction values higher.
According to the Property Finder report, PJA sales alone accounted for 19% of the total sales value, while The Oasis contributed 13%. Despite these high-value projects representing less than 2% and 4% of total transaction volumes in the off-plan market, they highlight the strong investor interest in future-forward, branded communities in Dubai.
