Dubai property sales in February soar to $13.8bn
The 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, it stated.
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, said the report.
"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 its CEO Firas Al Msaddi.
"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," he added.
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, said Msaddi.
The most expensive apartment sold during the month went for AED116 million at The Rings - 1 at Jumeirah Second.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
19 hours ago
- Daily Tribune
Dubai Market Splits as Homes Surge
TDT| Manama A striking shift is reshaping Dubai's residential property market, as villa purchases driven by family demand soar, while investor-led apartment sales continue their upward climb. New figures released by fäm Properties reveal that villa sales surged by 65% in value and 55% in volume in the first half of 2025 compared to the same period last year. Transactions rose from 13,135 to 20,415, while the total sales value jumped from AED 71.6 billion (BHD 7.34 billion) to AED 118.5 billion (BHD 12.15 billion). Diverging trends This growth points to a maturing housing split: families are fuelling the demand for spacious, stand-alone homes, while apartments remain the preferred choice for investors and younger buyers seeking long-term returns. Apartment sales rose by 21% in value and 16% in volume, reaching AED 144.2 billion (BHD 14.78 billion) across 73,573 transactions in H1 2025. The overall residential market saw a 38% increase in total value, growing from AED 190.8 billion (BHD 19.57 billion) to AED 262.7 billion (BHD 26.95 billion), with transaction volume up nearly 23%. All Bahraini dinar (BHD) figures are approximate, based on an exchange rate of 1 AED = 0.1025 BHD. April sets record pace April emerged as a standout month, witnessing a 147% surge in villa sales by value, from AED 7.8 billion (BHD 799 million) to AED 24 billion (BHD 2.46 billion). Apartment transactions in the same month grew by 42% to reach 13,736, with a value spike of 48%, reaching AED 26.8 billion (BHD 2.75 billion). 'The surge in villa transactions across most months this year highlights a growing demand for larger, family-oriented homes, a trend we've seen strengthen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. Apartments still strong Despite the villa boom, apartment sales have also grown steadily. Monthly apartment deals averaged 12,262 in H1 2025, up from 10,551 last year, with an average monthly value of AED 24 billion (BHD 2.46 billion). 'At the same time, we're witnessing sustained interest in apartments, particularly among investors and younger buyers seeking long-term value and rental yield, and this level of activity underlines consistent investor confidence in Dubai,' Al Msaddi added. Market watchers suggest that as Dubai continues to diversify its economy and attract global talent, the twin-track growth in villas and apartments will likely continue through the second half of the year.
Daily Tribune
03-07-2025
- Daily Tribune
Property Boom Sends Dubai to New Heights
TDT | Manama Dubai's real estate market has shattered previous records, with property sales reaching AED 326.7 billion (approximately BHD 33.3 billion) in the first half of 2025. This marks a 40 percent year-on-year surge. The second quarter alone recorded AED 184 billion (approximately BHD 18.8 billion) worth of transactions, the highest quarterly figure in the city's real estate history. According to fäm Properties, Q2 delivered 53,118 transactions. This surpassed the previous record of AED 147.2 billion (approximately BHD 15.0 billion) in Q4 2024 by 25 percent. The total number of deals also rose, climbing 5.39 percent above the earlier high of 50,400 set in Q3 last year. Momentum across all segments The market's momentum extended across the board. Plot sales reached AED 32.2 billion (approximately BHD 3.3 billion) from 1,384 transactions, showing a 49 percent jump in volume over Q2 2024. Villas recorded 10,019 sales worth AED 66.5 billion (approximately BHD 6.8 billion), which was up 38.3 percent in volume compared to the same period last year. Apartment sales climbed to AED 81.6 billion (approximately BHD 8.3 billion), reflecting an 18.7 percent rise year-on-year and a 22.7 percent increase over Q1 2025. The median price per square foot continued to rise, reaching AED 1,607 (approximately BHD 163.9) in Q2. This compares with AED 1,514 (approximately BHD 154.4) in Q2 2024 and AED 958 (approximately BHD 97.7) in the same quarter in 2021. Developers drive growth New project launches were the primary growth driver, with 66 percent of sales coming from first-time developer sales. The remaining 34 percent were from the resale market. Among apartment developments, Binghatti Elite and Sobha Solis each recorded 712 first-sale transactions. Timez by Danube and Sobha Orbis were also among the top five performers. On the villa side, Me'Aisem Second led in value at AED 14.8 billion (approximately BHD 1.5 billion), followed by Al Yelayiss 1 with AED 6.47 billion (approximately BHD 660 million) and DIP Second with AED 10.05 billion (approximately BHD 1.03 billion). Luxury properties also made an impact. The most expensive villa sold was priced at AED 365 million (approximately BHD 37.2 million) on Palm Jumeirah. The highest-priced apartment fetched AED 170 million (approximately BHD 17.3 million) at Peninsula Dubai Residences. Area-wise winners In terms of volume, Jumeirah Village Circle topped the list with 4,930 transactions, followed by Business Bay, Al Yelayiss 1, Wadi Al Safa, and Dubai South. Me'Aisem Second recorded the highest total value at AED 14.94 billion (approximately BHD 1.52 billion) from just 844 transactions. Commenting on the data, Firas Al Msaddi, CEO of fäm Properties, said the figures reflect the consistent strength and resilience of Dubai's real estate market and its rising global appeal.
Daily Tribune
17-06-2025
- Daily Tribune
Dubai's Blue Line to reshape Gulf thinking on urban value
TDT | Manama Dubai's new Metro Blue Line is being hailed as a model for how transport infrastructure can transform the urban economy, with real estate strategists calling it a game-changer for the city's property landscape. The megaproject is sparking interest across the Gulf, where cities including Manama are planning or expanding their own longterm transit systems. Firas Al Msaadi, CEO of fäm Properties, said the line will redefine how value is created in urban areas. 'This is not just a metro expansion, this is a game-changer for Dubai's urban economy,' he said. 'The moment you cut commute time you raise the productivity of the entire city.' Citywide impact The 30 km Blue Line will link nine districts including Dubai Creek Harbour, Academic City, and Dubai Silicon Oasis. Real estate in these areas is already drawing increased interest, driven by what Al Msaadi calls 'connectivity as the new currency of real estate.' He added that infrastructure investments benefit even those who do not use the metro directly. 'Less traffic, smarter logistics, higher efficiency - that's how infrastructure becomes a wealth generator.' Construction of the first station began last week at Dubai Creek Harbour, marking the beginning of what is expected to be one of the most advanced mobility systems in the region. Redrawing investment The Blue Line is expected to shift investor behaviour across the emirate. Al Msaadi noted that demand is already rising for housing near metro access points, while undervalued areas such as Academic City and International City are gaining fresh investor attention. Properties located within walking distance of metro stations are expected to command higher rental yields, and developers are beginning to rework future masterplans with metro connectivity as a central design factor. 'Transportation is the one thing that benefits everyone, even those not using it,' he said. 'When others take the train, you drive with less traffic. When a city becomes more fluid, your asset appreciates.' Gulf relevance With cities across the GCC seeking to enhance livability, efficiency, and sustainability, Dubai's Blue Line offers a high-profile example of how strategic infrastructure can serve as a foundation for longterm urban resilience and economic growth.
