Land transactions in Jan. 2025 was 46.7% of the total transactions. The market saw a decrease of approximately AED 4.5 billion from Jan 2024, a 7.9% decline in market activity YoY.

The total value of real estate transactions in Dubai for January 2025 reached AED 52.93 billion, representing a 7.9% decline compared to January 2024’s AED 57.5 billion. Despite this decrease, the market remains active across all segments, with notable activity in land, off-plan, and ready properties.

Segment Breakdown:

• Off-Plan Market: AED 14.92 billion
• Ready Market: AED 13.29 billion
• Land Transactions: AED 24.73 billion

The largest contributor to the total transaction volume was land sales, accounting for nearly 46.7% of the total market activity.

Off-Plan Market Analysis

The off-plan segment accounted for AED 14.92 billion, with flats contributing the majority at AED 11.88 billion, followed by villas at AED 2.71 billion. Hotel apartments and commercial properties accounted for smaller portions.

Top Areas by Value – Off-Plan:

1. Wadi Al Safa 5 – AED 1.37 billion
2. Business Bay – AED 1.08 billion
3. Dubai South – AED 901 million
4. Madinat Al Mataar – AED 679 million
5. Jumeirah Village Circle – AED 656 million

The average price per square meter for off-plan flats stood at AED 22,106, while off-plan villas averaged AED 19,591.

Ready Market Analysis

The ready property market saw transactions worth AED 13.29 billion, with flats leading at AED 8.76 billion, followed by villas at AED 2.29 billion.

Top Areas by Value – Ready Properties:

1. Burj Khalifa – AED 1.47 billion
2. Dubai Marina – AED 974 million
3. Business Bay – AED 949 million
4. Jumeirah Lakes Towers – AED 912 million
5. Jumeirah Village Circle – AED 789 million

The average price per square meter for ready flats stood at AED 16,485, while ready villas averaged AED 15,096.

Land Transactions Overview

Land transactions dominated the market with AED 24.73 billion in sales. The demand for prime land plots remains strong, particularly in high-profile locations.

Top Areas by Value – Land Sales:

1. Palm Jabal Ali – AED 2.11 billion
2. Madinat Al Mataar – AED 1.81 billion
3. Palm Jumeirah – AED 1.64 billion
4. Al Yelayiss 1 – AED 1.47 billion
5. Al Yufrah 1 – AED 1.43 billion

Market Trends & Insights

• Year-over-year decline: The decrease from January 2024’s AED 57.5 billion suggests market adjustments after a period of aggressive growth.
• Strong land sales: Despite the overall decline, land transactions remained resilient, reflecting continued investor confidence in long-term development projects.
• Demand for premium locations: Areas like Burj Khalifa, Business Bay, and Palm Jumeirah continue to attract high-value transactions in both ready and off-plan segments.
• Off-plan vs. ready: While off-plan projects saw steady demand, the ready market remained a strong competitor, offering established properties in prime locations.

Conclusion

January 2025 witnessed a slight slowdown in transaction volumes compared to the previous year. However, with land remaining a key driver and strong interest in luxury and prime locations, the Dubai real estate market continues to be a lucrative landscape for investors and end-users alike.