Dubai real estate prices fell by 0.57 per cent in January 2025, the first decline since summer 2022, showing a market shift towards stabilisation, according to the report.
While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. The report added sales volumes were down 4.6 per cent compared to December 2024.
Off-plan launches continued to soar in January, with 53 launches from 37 developers bringing another 12,400 units to the market. Mortgage transactions also rose 6.8 per cent monthly, with 4,134 loans secured. Loan to value (LTV) ratios also held steady despite stricter UAE Central Bank regulations enforcement.
The report shows that the median price for apartments was AED1.35 million, with townhouses at AED2,61,000 and villas at AED6,915,888. With 7,555 transactions, the off-plan market accounted for 52 per cent of sales during January, down 17.7 per cent on December 2024. Meanwhile, the title deed sales saw a marked month-on-month increase, rising by 15.7 per cent and accounting for 47.6 per cent of sales.
The report highlighted that Emaar Properties claimed the top spot for off-plan transactions, with a market share of 16.5 per cent, followed by Damac Properties at 15.8 per cent and Danube Properties at 5.3 per cent. A villa in Emirates Hills secured the highest recorded sale, with a price tag of AED425 million. The lowest, at AED175,000, was for a studio apartment in Dubai Production City.
