Dubai’s real estate market remains strong, with sustained demand for prime and ultra-luxury residences from both local elites and international investors.
Property transactions in February totaled $11.16 billion (AED 40.98 billion), reflecting robust activity in both off-plan and secondary markets, according to a report by Springfield Properties.
The off-plan segment recorded 8,753 sales, amounting to AED 19.73 billion, while the secondary market saw 6,136 transactions worth AED 21.25 billion.
Dubai’s Property Market Surges
Investor confidence continues to rise, with Palm Jumeirah standing out for its high demand, where the average transaction price hit AED 12.82 million.
The report highlights the increasing exclusivity of high-value properties, further driving price growth in Dubai’s most desirable districts.
Farooq Syed, CEO of Springfield Properties, emphasized Dubai’s growing appeal as a wealth hub, attracting global investors seeking long-term value. “Dubai’s position as a premier wealth center is strengthening, with investors securing assets in anticipation of continued appreciation,” he said.
Dubai remains a magnet for high-net-worth individuals (HNWIs), now hosting 212 centi-millionaires (those with over $100 million in investable assets) and 15 billionaires.
The influx of affluent buyers is fueling demand for ultra-luxury homes, particularly in waterfront developments and master-planned communities, where supply is scarce.
Springfield Properties noted that global wealth continues to shape the market, with HNWIs prioritizing real estate as a means of capital preservation and long-term growth.
“As demand surges, investors are focusing on secure, appreciating assets in Dubai’s real estate sector,” Syed added.
Dubai’s attractiveness is further reinforced by government initiatives, including residency programs for retirees and remote workers, the expansion of the 10-year Golden Visa, and ongoing economic diversification.
The report projects strong capital inflows into the property market through 2025, as demand in prime locations continues to outpace supply.
