Dubai Real Estate Market Review: May 2025

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Dubai Real Estate Market Review 23-Apr-2026

Land transactions in May 2025 were 47% of the total transactions. The market activity increased by AED 4.12 billion from April 2025, a 5% increase MoM. And 32% increase YoY.

Dubai’s real estate market in May 2025 recorded a significant upswing, achieving a total transaction value of AED 80.72 billion. This marks a 5.4% increase over April 2025’s total of AED 76.6 billion and a 31.6% year-on-year growth compared to May 2024’s AED 61.3 billion.

The number of transactions also climbed to 23,383, up 5.6% month-over-month from April’s 22,139 transactions, indicating growing demand and sustained investor confidence across both off-plan and ready segments.

CategoryOff-Plan (AED billion)Ready (AED billion)
Flat22.511.6
Villa3.12.7
Hotel Apt. & Rooms0.180.93
Commercial0.251.52
Total Value26.016.8

Segment Breakdown

  • Off-Plan Market: AED 26.03 billion
  • Ready Market: AED 16.79 billion
  • Land Transactions: AED 37.90 billion

Market Performance by Property Type

Off-Plan Market Performance

Off-plan transactions amounted to AED 26.03 billion, accounting for 32.2% of the total market. The segment continues to attract buyers seeking flexibility and long-term gains. Flats dominated this category with AED 22.50 billion, contributing 86.4% of all off-plan activity. Villas followed at AED 3.10 billion (11.9%), while commercial properties and hotel units made up the remaining 1.7%.

Top Performing Areas by Transaction Value

  1. Business Bay: AED 1.84 billion
  2. Al Wasl: AED 1.45 billion
  3. JVC: AED 1.36 billion
  4. Jumeirah First: AED 1.30 billion
  5. Palm Deira: AED 1.24 billion

JVC topped the chart by number of transactions but came third by value traded

The average price per square meter for off-plan flats stood at AED 25,540, while off-plan villas averaged AED 18,342.

While JVC led in transaction count, Business Bay dominated in value, indicating higher ticket sizes and premium launches. Al Wasl and Jumeirah First areas also featured prominently by value, underlining sustained luxury demand.

Ready Market Performance

The ready market contributed AED 16.79 billion, or 20.8% of the total. Flats led the ready transactions with AED 11.60 billion (69%), followed by villas at AED 2.74 billion (16.3%), hotel apartments at AED 929 million (5.5%), and commercial assets at AED 1.52 billion (9.1%).

Top Performing Areas by Transaction Value

  • Business Bay: AED 2.13 billion
  • Burj Khalifa: AED 1.38 billion
  • Palm Jumeirah: AED 1.25 billion
  • Dubai Marina: AED 1.06 billion
  • JVC: AED 1.05 billion

Business Bay led the market in both number of transactions and value of transactions

The average price per square meter for Ready Flats stood at AED 15,981, while Ready Villas averaged AED 13,680.

Business Bay is the top contributor across both off-plan and ready segments, appealing to both end-users and investors. Burj Khalifa and Palm Jumeirah continue to attract ultra-premium deals.

Land Transactions

Land remained the strongest segment, totalling AED 37.90 billion, making up 46.9% of the total market. This reflects continued large-scale development and long-term investment activity, especially in strategic zones earmarked for infrastructure and mixed-use expansion.

On the Micro Level

Key Market Insights

  • May 2025 showed a strong performance, achieving AED 80.7 billion in total transactions and surpassing both the previous month and the same period last year by a significant margin. The increase in both value and transaction count signals rising confidence from investors, end-users, and developers alike.
  • Off-Plan segment remains a key driver, with communities like Jumeirah Village Circle and Business Bay leading in both volume and value. Meanwhile, the ready market continued to attract substantial capital, particularly in established luxury zones such as Palm Jumeirah, Burj Khalifa, and Dubai Marina.
  • Rising demand across all asset classes and diversified interest in both emerging and prime locations, Dubai’s property market is poised to carry this momentum into the second half of the year, supported by strong fundamentals, favourable regulation, and a global flight to quality real estate assets.

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