Dubai real estate market continued its strong momentum since the beginning of the year, driven by high demand from both local and international investors, as well as the emirate’s growing appeal as a global hub for business and investment, and as a preferred place to live, work, and reside.
According to data from the Dubai Land Department, the total value of real estate transactions during the past week reached approximately AED 21.5 billion through 5,214 transactions. These transactions included 4,154 sales worth AED 12.3 billion, 917 mortgage deals worth AED 7.8 billion, and 143 gift transactions worth AED 1.4 billion.
Source: Dubai Land Department
Details of Sales and Mortgages
- Sales: 460 land plot sales, 3,475 apartment sales, and 219 building sales.
- Mortgages: 223 land mortgages, 890 apartment mortgages, and 141 building mortgages.
Ready vs. Off-Plan Properties
The value of ready property sales reached AED 6.5 billion across 1,445 transactions, while off-plan property sales recorded AED 5.7 billion through 2,709 transactions. This reflects continued strong demand for new developments alongside solid interest in ready units.
Top Areas by Sales Value
- Dubai Investment Park 2: AED 819 million.
- Business Bay: AED 509 million.
- Jumeirah Village Circle: AED 422 million.
- Wadi Al Safa 3: AED 415 million.
- Mohammed Bin Rashid Gardens: AED 402 million.
Notable Deals
- Sale of a land plot in Jumeirah 2 for AED 350 million.
- Sale of a commercial land plot in Emirates Living for AED 260 million.
- Sale of an off-plan office unit in Business Bay for AED 74 million.
- Sale of a residential apartment in Palm Jumeirah for AED 50 million.
Market Insights
Current indicators suggest that Dubai’s real estate market continues to benefit from several key drivers that enhance its appeal both locally and globally, including:
- Strong international demand, supported by attractive tax and regulatory policies, along with economic stability, making the emirate a preferred destination for foreign capital.
- Diverse real estate offerings ranging from luxury to mid-tier properties, catering to a wide spectrum of investors and expanding the customer base.
- Relatively stable interest rates, which play a vital role in boosting mortgage activity and increasing purchasing power for both investors and end-users.
- Growing developer confidence, evident in the volume of off-plan sales and new project launches, signaling belief in the market’s capacity for further growth.
- Sustained investment momentum, driven by inflows of foreign capital, regulatory stability, and diversified investment opportunities.
- Balanced demand between ready and off-plan properties, reinforcing investor confidence in the market’s ability to sustain growth over the short and medium term.
Collectively, these factors point to positive expectations for maintaining the current momentum, with the potential to achieve new record levels if foreign investment inflows continue—especially with major upcoming events and exhibitions likely to attract more international investors to Dubai.
