Dubai’s real estate sector has started 2025 with a strong performance, as property sales in January reached AED44.4bn ($12.1bn), reflecting a 24.1 per cent increase in value compared to the same month last year.
A market update from fäm Properties reveals that the 14,236 transactions in January represented a 23.2 per cent rise in volume over January 2024.
Land sales saw the largest growth, with 811 plots sold for AED8.6bn ($2.3bn), marking a significant 151.9 per cent month-on-month increase in volume.
Villa sales amounted to AED16.4bn ($4.5bn), showing a notable 89.6 per cent rise to 3,117 transactions compared to January 2024. Apartment sales totaled AED18.2bn ($5bn), up 7.1 per cent in volume to 9,945 units.
Commercial property transactions also grew, with 363 deals worth AED1.2bn ($327m), reflecting a 17.9 per cent increase in volume compared to January 2024.
Although the average price per square foot decreased slightly by 4 per cent to AED1,550 ($422), it still shows an impressive 81.2 per cent growth over the past five years, up from AED855 ($233) in January 2020.
Firas Al Msaddi, CEO of fäm Properties, stated that these figures highlight the robustness of Dubai’s real estate market and the sustained growth seen in recent years. This reinforces Dubai’s reputation as a secure destination for real estate investment, attracting both local and international investors.
The total value of property sales in Dubai for January has surged by 822 per cent over the last five years.
January 2020: AED4.8bn/$1.3bn from 2,700 transactions
January 2021: AED6.6bn/$1.8bn from 3,300 transactions
January 2022: AED16.3bn/$4.4bn from 5,700 transactions
January 2023: AED27.8bn/$7.6bn from 9,700 transactions
January 2024: AED35.8bn/$9.7bn from 11,600 transactions
The most expensive property sold in January was a luxury villa in Dubai Hills Estate for AED140m ($38.1m), while the priciest apartment was sold for AED57m ($15.5m) at Ava At Palm Jumeirah By Omniyat.
Sales from developers significantly outpaced resales, accounting for 65 per cent of the volume and 60 per cent of the total value.
Properties above AED5m ($1.4m) made up 9 per cent of the sales, with 31 per cent falling in the AED1-2m ($272,000-$545,000) range, 27 per cent under AED1m ($272,000), 20 per cent between AED2-3m ($545,000-$817,000), and 14 per cent between AED3-5m ($817,000-$1.4m).
