73,000 homes to be delivered in 2025 as property sales hit $31billion

📦 Supply & Sales Highlights

  • Dubai will deliver 73,000 residential units in 2025, moving toward a total of 300,000 new homes by 2028 per Cavendish Maxwell.

  • In Q1 2025, there were 42,000 property sales valued at AED 114.4 billion — down 10% from Q4 2024, but up 23% compared to Q1 2024.

  • Prices reached AED 1,535 per sq ft, up 2.8% q‑o‑q and about 16% higher y‑o‑y since Q1 2024.

🏗️ Market Dynamics

  • Off‑plan sales made up 70% of total, worth AED 77.5 billion across 29,000 transactions (+32% y‑o‑y).

  • Secondary market had 13,200 transactions, growing 6.6% y‑o‑y.

  • Apartments accounted for 75% of transactions, dropping as demand for larger townhouses (17%) and villas (7%) increased.

🌟 Luxury Segment Activity

  • 590 properties sold above AED 20 million (up from 480 the year prior). Nearly 60 of these were over AED 50 million.

  • Off‑plan sales comprised 67% of luxury deals and about one‑third of ultra‑luxury transactions.

🏗️ Project Completions & Upcoming Supply

  • Over 180,000 units slated for delivery in 2026–27.

  • Jumeirah Village Circle led completions in Q1 2025 with 4,330 units, including 3,330 apartment sales (2,200 off‑plan; 1,132 secondary).

  • Other top completion zones: Mohammed Bin Rashid City (1,037 units), Business Bay (743), Downtown Jebel Ali (647), Rukan (636).

  • Future pipelines to end-2028: JVC (~27,100 units), Business Bay (~19,470), Azizi Venice (~17,100), DAMAC Lagoons (~10,730), Arjan (~9,750).

  • 95 projects launched in Q1 2025 totaling 28,600 new units.

📈 Rental Market & Yields

  • Q1 2025 rental growth slowed to 1% q‑o‑q, though still +14.4% y‑o‑y year-over-year.

  • Average rental yields (end‑Mar 2025):

    • Apartments: 7.3%

    • Villas/townhouses: 5.0%

  • Highest apartment yields: Dubai Investments Park (10.3%), International City (9.1%), Downtown Jebel Ali (9.0%), Dubai Production City (8.6%), Silicon Oasis (8.5%), Sports City (8.4%), Liwan & International City Phase 2 (both 8.2%).

  • Top villa/townhouse yields: Industrial City (6.0%), JVC (5.9%), DAMAC Hills 1 & 2 (5.7%), International City & Serena (5.5%), Mudon & Villanova (5.4%), Dubai Hills Estate (5.3%).

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