Dubai’s Real Estate Market: Strong Momentum Continues into 2025
Dubai’s real estate market had a record-breaking year in 2024, achieving new milestones throughout the year.
Despite concerns of a slowdown, developers remain optimistic about maintaining the same sales pace in 2025, driven by strong investor demand for projects in prime locations from reputed developers.
While analysts note that data suggests a cooling market after a four-year surge that pushed prices and rentals to record highs, industry leaders believe otherwise.
Wissam Breidy, CEO of HRE Development, is confident that sales will continue at the same speed due to the rising number of new residents moving to Dubai.
High Demand Keeps Sales Strong
“There aren’t many units available, and demand remains high. When we launch a project, we sell 1,700 units in just two months. The appetite for Dubai’s market is immense, and people want to be here,” said Breidy.
He added, “From my perspective, sales will only accelerate because Dubai continues to attract more people.”
Dubai’s real estate market saw an all-time peak in 2024, with 180,900 transactions worth Dh522.1 billion, reflecting a 36 per cent rise in volume and a 27 per cent increase in value.
Christopher Cina, development sales and consultancy director at Betterhomes, expects property prices to stabilize in 2025, supported by the delivery of over 72,000 new residential units, creating a more balanced market.
Foreign Developers Enter Dubai’s Market
Dubai’s booming property sector has drawn several international developers eager to meet growing demand.
Mehdi Kavoosi, chairman of Bamx, said his company is capitalizing on Dubai’s upward market trend.
“With growth expected to continue, we aim to introduce a new era of superior living in Dubai,” Kavoosi said during the launch of the company’s Dubai operations.
Industry experts credit this rapid expansion to government initiatives, including revised property visa policies and the expansion of freehold areas.
“The momentum won’t slow down anytime soon, thanks to Dubai’s economic strength and major infrastructure projects like the Dubai Metro Blue Line and Al Maktoum Airport. Demand for properties remains at an all-time high, particularly in the off-plan sector,” said Khan.
Record-Breaking Sales for HRE Development
Highlighting strong market demand, Breidy shared that HRE Development’s SkyHills One project sold 1,100 units in just six weeks, SkyHills 2 sold 600 units in one month, and SkyHills 3 sold 500 units in a month and a half.
He dismissed concerns about a slowdown, saying, “I don’t see that happening. The market will always have demand—especially now, with the entire region experiencing growth. Earlier, Dubai and the UAE were branding this region alone, but now Saudi Arabia, Qatar, and Bahrain are also promoting it.”
At the launch of SkyHills Astra, a twin-tower project in Al Barsha South with 1,700 units, Breidy emphasized its social impact. Each apartment sold will contribute to children’s education in developing countries, with residents receiving certificates from Dubai Cares and HRE Development recognizing their support for quality education.
