Dubai’s real estate market recorded a total transaction volume of AED 1.43 billion on February 17, 2024, reflecting sustained investor interest across both off-plan and ready properties. The market remains balanced, with off-plan sales contributing AED 713.96 million (49.7%) and ready properties accounting for AED 721.27 million (50.3%) of the total transaction value.

Off-Plan Transactions: A Strong Investor Focus

Off-plan properties continued to be a major driver of investment activity, contributing 49.7% of the day’s total transactions. Within this segment:

• Flats dominated the category, accounting for AED 585.40 million (82%) of off-plan sales. This suggests a continued preference for apartments in new developments, likely driven by attractive payment plans and competitive pricing.
• Villas made up AED 124.04 million (17.4%), indicating demand for larger residential spaces among buyers looking for long-term investments.
• Hotel Apartments & Rooms recorded a modest AED 4.52 million (0.6%), highlighting niche investor interest in hospitality assets.

Ready Property Transactions: Stability and Demand for Completed Units

Ready properties accounted for 50.3% of total sales, slightly surpassing off-plan deals, signaling strong interest in move-in-ready assets. Breaking down this category:

• Flats led the segment, with AED 522.79 million (72.5%) of the ready transactions. The strong performance reflects high demand for completed apartments, particularly in prime and well-established communities.
• Villas contributed AED 136.34 million (18.9%), demonstrating continued buyer interest in spacious homes.
• Hotel Apartments & Rooms saw AED 7.18 million (1%), suggesting moderate activity in the short-term rental and hospitality sector.
• Commercial properties recorded AED 54.96 million (7.6%), indicating a healthy demand for office and retail spaces in Dubai’s dynamic business environment.

Dubai Real Estate Transactions as Reported on the 17th of February 2025 Dubai’s real estate market recorded a total transaction volume of AED 1.43 billion on February 17, 2024, reflecting sustained investor interest across both off-plan and ready properties. The market remains balanced, with off-plan sales contributing AED 713.96 million (49.7%) and ready properties accounting for AED 721.27 million (50.3%) of the total transaction value. Off-Plan Transactions: A Strong Investor Focus Off-plan properties continued to be a major driver of investment activity, contributing 49.7% of the day’s total transactions. Within this segment: Flats dominated the category, accounting for AED 585.40 million (82%) of off-plan sales. This suggests a continued preference for apartments in new developments, likely driven by attractive payment plans and competitive pricing. Villas made up AED 124.04 million (17.4%), indicating demand for larger residential spaces among buyers looking for long-term investments. Hotel Apartments & Rooms recorded a modest AED 4.52 million (0.6%), highlighting niche investor interest in hospitality assets. Ready Property Transactions: Stability and Demand for Completed Units Ready properties accounted for 50.3% of total sales, slightly surpassing off-plan deals, signaling strong interest in move-in-ready assets. Breaking down this category: Flats led the segment, with AED 522.79 million (72.5%) of the ready transactions. The strong performance reflects high demand for completed apartments, particularly in prime and well-established communities. Villas contributed AED 136.34 million (18.9%), demonstrating continued buyer interest in spacious homes. Hotel Apartments & Rooms saw AED 7.18 million (1%), suggesting moderate activity in the short-term rental and hospitality sector. Commercial properties recorded AED 54.96 million (7.6%), indicating a healthy demand for office and retail spaces in Dubai’s dynamic business environment.   Market Insights & Outlook Dubai’s real estate market continues to showcase resilience, with a balanced performance between off-plan and ready properties. The sustained demand for flats across both segments indicates a strong investor and end-user appetite for well-located, high-quality residential units. Additionally, the higher share of villa transactions in both categories suggests an ongoing preference for larger living spaces, in line with global post-pandemic lifestyle trends. The relatively low contribution from hospitality and commercial properties could reflect selective investment behavior in these sectors. Looking ahead, the market is expected to maintain its momentum, driven by a mix of off-plan launches and stable demand for ready properties. Investor confidence remains high, supported by Dubai’s business-friendly environment and robust infrastructure development.

Dubai Real Estate Market Review 18-Feb-2025

Sales of AED 15M+ homes hit AED 71B in 2024, a 688% rise since 2015. Dubai commercial real estate boom, Prime office spaces set for 12% value rise. Why Dubai’s real estate market is thriving?

EXCLUSIVE: Dubai’s highest office space draws global fund interest at $12.2 million

The world’s highest office space, located in Dubai’s Burj Khalifa, is attracting interest from Gulf family offices and investment funds from the US and Europe as it hits the market for $12.2 million amid a record year for the emirate’s commercial property sector.

Dubai’s ultra-luxury real estate booming amid limited supply

Dubai’s ultra-luxury real estate market will continue growing in 2025, driven by high demand and limited supply. Sales of AED 15M+ homes hit AED 71B in 2024, a 688% rise since 2015. With only 16,500 luxury units under construction, scarcity will sustain price growth, especially as HNWIs keep arriving.

Dubai developers score red-hot profits from global homebuyers

Dubai’s property market continues to boom, with developers reporting record profits. Emaar Development’s earnings doubled to AED 7.6B in 2024, while Binghatti and Aldar saw major gains. Driven by expats, wealthy investors, and liberal visa policies, home prices are expected to keep rising in 2025, albeit at a slower pace.

Dubai South launches ‘Beachfront Gates’

Dubai South Properties has launched Beachfront Gates, a new apartment project in Dubai South’s Residential District. Featuring two towers, only Tower 2 is currently for sale, offering 157 units. With strong investor demand, family-friendly amenities, and proximity to Al Maktoum Airport, the project saw over 100 units sold on launch day.

Dubai commercial real estate boom: Prime office spaces set for 12% value appreciation in 2025

Dubai International Financial Centre and Business Bay areas expected to see up to a 20% rise in rentals this year upon renewals in Grade A and B buildings.

Dubai landlords required to give 90 days notice for rent increases under new index

Dubai landlords must provide 90 days’ notice for rent increases under the new Smart Rental Index. The index, updated in real time, determines eligibility based on market value. Rent hikes range from 5% to 20%, depending on price gaps. Authorities expect it to reduce disputes and stabilize rental inflation in 2025.

Why Dubai’s real estate market is thriving – Bayut’s Fibha Ahmed explains

Dubai’s property market saw historic growth in 2024. In an exclusive interview, Bayut’s Vice President of Property Sales, Fibha Ahmed explains what’s fuelling demand and where investors are looking next.

Dubai’s Burj Azizi: Sales launch announced for world’s second-tallest tower

Dubai’s Burj Azizi, the world’s second-tallest tower at 725m, will be sold in seven cities on February 19. Set for completion in 2028, it features residences, a 7-star hotel, retail,and entertainment. The tower will house record-breaking amenities, reinforcing Dubai’s dominance in the global skyscraper market.

ENBD REIT announces Q3 NAV as at 31 December 2024

ENBD REIT’s NAV rose to $216M in Q3 2024, up 6.9% QoQ and 13.1% YoY, driven by strong leasing and cost management. FFO surged 51% YoY to $8.4M, supporting dividends. Portfolio value increased 3.9% QoQ to $394M, with record 95% occupancy. Burj Daman led with a 27% valuation rise.

Buyback option, no service charges: Dubai developers woo buyers with attractive deals

Dubai developers are offering incentives like guaranteed returns, zero service charges, and full buyback options to attract buyers amid rising competition. Dugasta Properties promises 10% annual returns for ten years. With new developers entering the market, unique selling points are key. Despite market maturity, demand remains strong due to Dubai’s investor-friendly policies.