Dubai real estate sales, since the beginning of this year until the end of February (two months), amounted to AED 94.8 billion, resulting from 30,100 deals, with a growth of 31.8% and 29.6% in terms of value and number, compared to the same period of 2024, which recorded AED 71.9 billion, through 23,224 deals, according to the data of the Land Department of Property in the emirate. The total value of the actions of the real estate market in Dubai, during two months of the new year, reached about 127.4 billion dirhams, resulting from 39023 disposals, an increase of 12.4% and 67% in terms of value and number, for the same period of 2023, which achieved 113.3 billion dirhams, through 23,350 disposals, which included, in addition to sales, the registration of 7563 mortgage transactions worth 25.64 billion dirhams, and 1360 gift procedures of 7 billion dirhams.
Ready and under construction
Sales of real estate under construction/on the map in Dubai recorded 16,337 deals, worth AED 35.24 billion, equivalent to 37.2% of the total, while the value of ready-made properties amounted to AED 59.56 billion with a share of 62.8%, resulting from 13,773 deals.
Land sales achieved 42.48 billion dirhams, resulting from 5138 deals, followed by residential apartments with 41.58 billion dirhams, through 21,960 deals, while villas and houses ranged from about 10.75 billion dirhams, through 3,012 deals, bringing the total sales of residential units (apartments, villas and houses) to AED 52.33 billion, achieved from 2,972 deals.
Best Selling Regions
Airport City came first in the best-selling areas of real estate, with sales of 5.05 billion dirhams from 974 deals, followed by Al-Yafra 1 second with about 5 billion dirhams through 1075 deals, and Palm Jebel Ali came third with 4.78 billion dirhams, resulting in 218 deals, while Burj Khalifa fourth was set with 4.75 billion dirhams from 720 deals, and Business Bay came fifth with 3.91 billion dirhams from 1536 deals. Wadi Al Safa 5 area came in sixth place worth 3.67 billion dirhams, through 1139 deals, then Elliace 1 seventh with about 3.6 billion dirhams, resulting from 1482 deals, and the eighth Palm Jumeirah with 2.9 billion dirhams, through 235 deals, followed by Jumeirah Village Circle in ninth place worth 2.77 billion dirhams, through 2462 deals, while the tenth place was the share of the city of Hind 4 area with about 2.2 billion dirhams resulting from 3618 deals.
During the month of February, the real estate market recorded total transactions worth 68.58 billion dirhams, resulting from 2,007 transactions, including sales of about 50.32 billion dirhams (15,829 deals), mortgages of 14.35 billion dirhams (3,496 transactions), and 682 gifts at 3.91 billion dirhams.