Dubai property market enjoys bumper month as February sales hit AED51.1 billion - Middle East Business News and Information
Dubai, UAE, 4th March, 2025: Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling AED 51.1 billion, a 39.91% increase in value on the same month last year.
A market update issued today by fäm Properties reveals that last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record.
Data from DXBinteract shows that villa sales totalling AED18.8 billion climbed dramatically
by 99.7% to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7% to 608.
Apartment sales worth AED21.4 billion climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1% increase in volume over February 2024. The average price per sq. ft was up by 3.4% to AED 1,551.
'The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years,' said Firas Al Msaddi, CEO of fäm Properties.
'This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets.'
Dubai property sales for the month of February have now risen by 449% in value over the last five years – from AED9.3 billion (4,100 transactions) in 2020, AED7.3 billion (3,700) in 2021, AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023 and AED36.5 billion (11,900) last year.
The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million. The most expensive apartment sold during the month went for AED116 million at The Rings – 1 at Jumeirah Second.
Overall, first sales from developers were significantly greater than those of resales – 66% over 34% in terms of volume, and 62% against 38% in overall value.
With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 25% below AED1 million, 19% between AED2-3 million and 15% between AED3-5 million.
FEBRUARY 2025 – Top five performing areas in terms of overall sales volume
Wadi Al Safa 5 1,297 units
Jumeirah Village Circle 1,246
Dubai Marina 915
Business Bay 878
Dubai South 819
BEST-SELLING PROJECTS
Off-plan apartments Units Value AED
Franck Muller Vanguard 250 436.9m
Golf Dale 162 297.4m
Saria 139 395.2m
Golf Acres 134 243.9m
Skyscape 131 321.2m
Off-plan villas
La Tilia At Villanova Phase 2 205 678.7m
La Tilia At Villanova Phase 1 195 647.2m
Reportage Village 1 175 226m
The Valley – Kaia 106 318.1m
Nad Al Sheba Gardens Phase 7 90 455.1m
Ready apartments
Lakeside 51 19.7m
P23 45 14.9m
Falcon Tower 40 111.4m
KhK 24 35 17.8m
Sky Courts 33 20.7m
Ready villas
Nad Al Sheba Gardens Phase 7 63 889.5m
Reem – Mira Oasis Community 16 46.1m
Reem – Mira Oasis Community 3 11 35.7m
Greenview 2 10 27.6m
Reem – Mira Oasis Community 2 9 26m
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