Residential units (apartments and villas) accounted for the largest share of total real estate sales in Dubai during the first quarter of 2025, valued at AED 81.3 billion, resulting from 38,191 transactions. This represents 57.3% of the total AED 142 billion, representing a growth of 21.7% and 22.7% in terms of value and number, compared to the same period in 2024, which amounted to AED 66.8 billion, achieved through 32,786 transactions, according to data from the Dubai Land Department.
Ready properties outperformed their off-plan counterparts in terms of sales share from the beginning of the year to the end of March, accounting for approximately AED 87 billion (equivalent to 61.2% in terms of value), resulting from 19,933 sales transactions. Off-plan properties accounted for 38.8%, with a value of AED 55 billion, resulting from 25,144 transactions.
Real Estate Transactions
Total real estate transactions in the Dubai market during the period from January to March 2025 reached approximately AED 193 billion, resulting from 58,039 transactions. This represents a 16.2% and 31.5% increase in value and number, respectively, compared to the same period in 2024, which generated AED 166 billion through 44,120 transactions.
Dubai real estate sales during the first quarter of 2025 recorded a significant jump, reaching AED 142 billion, resulting from 45,077 transactions. This represents a 30% and 22% increase in value and number, respectively, compared to the same period in 2024, which recorded AED 109 billion through 36,913 transactions. Based on this data, Dubai’s real estate market set a new record in terms of both value and number of sales transactions in the first quarter of 2025, the highest in its history.
Sales Distribution
Residential units (apartments and villas) accounted for the largest share of total sales during the first quarter of 2020, valued at AED 81.3 billion, resulting from 38,191 transactions, representing 57.3% of the total AED 142 billion. This represents a 21.7% and 22.7% growth in terms of value and number compared to the same period in 2020, which reached AED 66.8 billion through 32,786 transactions.
Residential apartments accounted for the highest value, at AED 65.6 billion, compared to AED 15.7 billion for villas. Land sales reached AED 60.7 billion, a 44.5% growth compared to AED 42 billion during the first quarter of 2020.
Top Areas
Dubai Land Department data revealed that 10 areas accounted for 39.2% of total sales, amounting to AED 55.7 billion, in the first quarter. Palm Jebel Ali came in first place with a value of AED 7 billion, followed by Airport City in second place with AED 6.72 billion, followed by Business Bay in third place with AED 6.53 billion, Al Yufrah 1 in fourth place with AED 6.39 billion, and Burj Khalifa in fifth place with AED 6.31 billion.
Al Yalayis 1 came in sixth place with a value of AED 5.48 billion, while Wadi Al Safa 5 came in seventh place with a value of AED 4.87 billion, placing it seventh. Jumeirah Village Circle came in eighth place with a value of AED 4.54 billion, followed by Palm Jumeirah in ninth place with a value exceeding AED 4.26 billion, and finally, Dubai Marina in tenth place with approximately AED 3.58 billion.
Mortgages and Grants
Mortgages recorded AED 41 billion in value over the course of three months, resulting from 10,949 transactions. This represents a 14% decrease in value, but a 27% increase in number, compared to AED 47.7 billion (8,600 transactions) during the same period in 2024. Grants recorded AED 9.6 billion, resulting from 2,013 transactions, compared to AED 9.2 billion (1,790 transactions), representing a 4.3% increase and a 12.4% increase in both value and number.