Dubai's real estate market has experienced an impressive start to 2025, with total property sales in January reaching AED 44.4 billion. This marks a 24.1 per cent increase in value compared to the same month last year. The total number of transactions for the month reached 14,236, reflecting a 23.2 per cent rise in volume over January 2024, as per fäm Properties.
Land Sales: Land sales saw the most substantial increase in January, with 811 plots sold, totalling AED 8.6 billion. This represented a remarkable 151.9 per cent jump in volume month-on-month.
Villa Sales: Villa sales reached AED 16.4 billion, with a volume increase of 89.6 per cent, amounting to 3,117 transactions.
Apartment Sales: Apartment sales stood at AED 18.2 billion, marking a 7.1 per cent increase in volume to 9,945 transactions.
Commercial Properties: Commercial property transactions amounted to AED 1.2 billion with 363 deals, showing a 17.9 per cent rise in volume from January 2024.
While the average price per sq. ft was down slightly by 4 per cent to AED 1,550, it still represents an 81.2 per cent increase over the last five years, from AED855 in January 2020.
The growth in Dubai's real estate market over the past five years has been extraordinary. Property sales in January 2025 have increased by 822 per cent in value compared to 2020, 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. Last month, the most expensive apartment sold for AED57 million at Ava At Palm Jumeirah By Omniyat.
New sales from developers significantly outpaced resales in both volume and value. Developer sales accounted for 65 per cent of the total volume and 60 per cent of the total value of property sales. With properties worth more than AED5 million accounting for 9 per cent of total sales, 31per cent came in the AED1-2 million range, 27 per cent below AED1 million, 20 per cent between AED2-3 million and 14 per cent between AED3-5 million.
In January 2025, the top five performing areas in terms of overall sales volume were led by Wadi Al Safa 5, with 1,400 units sold. Jumeirah Village Circle followed it with 982 units, and Dubai South recorded 942 units sold. Al Yelayiss 1 saw 868 units sold, while Business Bay completed the top five with 761 units sold.
The best-selling off-plan apartment projects in January 2025 were led by Terra Heights, with 493 units sold, valued at AED 891.1 million. Verdes By Haven 1 followed with 155 units sold, worth AED 296.4 million, while Lacina recorded 150 units sold, amounting to AED 313.3 million. Claydon House by Ellington sold 113 units, valued at AED 238.7 million, and Diamondz by Danube completed the list with 103 units sold, totalling AED 265.3 million.
The top-selling off-plan villas in January 2025 were led by La Tilia at Villanova Phase 2, with 106 units sold, valued at AED 346.7 million. La Tilia at Villanova Phase 1 followed closely with 103 units sold, totalling AED 327.7 million. Reportage Village sold 70 units worth AED 101.9 million, while The Valley-Velora recorded 56 units sold, amounting to AED 182.4 million. Greenville 2 completed the list with 55 units sold, valued at AED 209.5 million.
The top-selling ready apartments in January 2025 were led by Remraam, with 43 units sold, valued at AED 34.2 million. Rukan followed with 37 units sold, totalling AED 27.2 million. Maya 2 recorded 36 units sold, amounting to AED 25 million, while Lakeside sold 35 units, valued at AED 14.5 million. Sky Courts completed the list with 30 units sold, totalling AED 18.4 million.
The top-selling ready villas in January 2025 were led by Reem - Mira Oasis Community Phase 2, with 10 units sold, valued at AED 29.4 million. The Fields at D11 MBRC followed with 9 units sold, totalling AED 35.7 million. Reem - Mira Oasis Community recorded 8 units sold, amounting to AED 22.6 million, while Shams Townhouses sold 8 units, valued at AED 21.1 million. Seasons Community – Autumn also saw 8 units sold, totalling AED 20 million.
