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Hi Dubai
02-07-2025
- Business
- Hi Dubai
Dubai Real Estate Sets New Half Year Record as Sales Climb to AED326.7 Billion
The Dubai real estate market has continued on its record-breaking path, with the first half of 2025 reaching new highs of 98,603 property sales worth AED 326.7 billion. A market update issued today by fäm Properties reveals that the H1 sales value rose 40% year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED 184 billion in Q2. The Q2 sales value was 25% higher than the previous peak of AED 147.2 billion set in Q4 2024, while transaction volume rose 5.39% above the earlier high of 50,400 deals recorded in Q3 last year. Data from DXBinteract shows Q2 increases in all real estate sectors, led by plot sales worth AED32.2 billion from 1,384 transactions, a 49% leap in volume on Q2 last year and a 27.1% rise on Q1 2025. A total of 10,019 villa sales worth AED 66.5 billion was 38.3% up in volume on the same period last year, while apartment sales worth AED81.6 billion climbed 18.7% in volume over Q2 last year and 22.7% on the previous quarter. Commercial sales worth AED3.6 billion also rose 12.5% in volume to 1,252 transactions compared with the same period in 2024. Rising property values in recent years were highlighted by a median price of AED 1,607 per sq ft, compared with the Q2 rates of AED 958 in 2021, AED 1,151 in 2022, AED 1,339 in 2023 and AED 1,514 last year. "These numbers once again highlight the consistent strength and resilience of Dubai's real estate market," said Firas Al Msaddi, CEO of fäm Properties. "Dubai's steady growth over the years is reinforcing its place as a top choice for property investment, attracting more global interest while local and regional demand remains solid." Dubai's Q2 property sales over the last five years have now risen to the current level from AED 10.8 billion (5,400 transactions) in 2020 to AED 36.6 billion (15,400) in 2021, AED 58.2 billion (22,100) in 2022, AED 90.5 billion (31,100) in 2023 and AED 123.9 billion (43,400) last year. TOP FIVE PERFORMING AREAS IN TERMS OF VOLUME IN Q2 2025 Transactions Total value Jumeirah Village Circle 4,930 AED6.47 billion Business Bay 3,143 AED10.05 billion Al Yelayiss 1 2,867 AED9.08 billion Wadi Al Safa 2,483 AED4.83 billion Dubai South 2,248 AED5.21 billion The top performing area in terms of overall value was Me'Aisem Second, with total sales amounting to AED14.94 billion for 844 transactions. The most expensive individual property sold in Q2 was a luxury villa on Palm Jumeirah which fetched AED 365 million. The most expensive apartment sold during the quarter went for AED 170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32% of sales (16,967), 26% (13,687) were below AED1 million, 17% (9,163) between AED2-3 million, 13% (6,804) between AED3-5 million, and 12% (6,496) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market - 66% over 34% both in terms of volume and value. BEST-SELLING PROJECTS IN Q2, 2025 1st Sale apartments 1st Sale villas ReSale apartments ReSale villas News Source: Total Communications
Mid East Info
02-07-2025
- Business
- Mid East Info
Dubai real estate sets new half year record as sales climb to AED326.7 billion - Middle East Business News and Information
Q2 delivers best ever quarterly figures as market underlines its strength Dubai, UAE, 2nd July, 2025: The Dubai real estate market has continued on its record-breaking path, with the first half of 2025 reaching new highs of 98,603 property sales worth AED 326.7 billion. A market update issued today by fäm Properties reveals that the H1 sales value rose 40% year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED 184 billion in Q2. The Q2 sales value was 25% higher than the previous peak of AED 147.2 billion set in Q4 2024, while transaction volume rose 5.39% above the earlier high of 50,400 deals recorded in Q3 last year. Data from DXBinteract shows Q2 increases in all real estate sectors, led by plot sales worth AED32.2 billion from 1,384 transactions, a 49% leap in volume on Q2 last year and a 27.1% rise on Q1 2025. A total of 10,019 villa sales worth AED 66.5 billion was 38.3% up in volume on the same period last year, while apartment sales worth AED81.6 billion climbed 18.7% in volume over Q2 last year and 22.7% on the previous quarter. Commercial sales worth AED3.6 billion also rose 12.5% in volume to 1,252 transactions compared with the same period in 2024. Rising property values in recent years were highlighted by a median price of AED 1,607 per sq ft, compared with the Q2 rates of AED 958 in 2021, AED 1,151 in 2022, AED 1,339 in 2023 and AED 1,514 last year. 'These numbers once again highlight the consistent strength and resilience of Dubai's real estate market,' said Firas Al Msaddi, CEO of fäm Properties. 'Dubai's steady growth over the years is reinforcing its place as a top choice for property investment, attracting more global interest while local and regional demand remains solid.' Dubai's Q2 property sales over the last five years have now risen to the current level from AED 10.8 billion (5,400 transactions) in 2020 to AED 36.6 billion (15,400) in 2021, AED 58.2 billion (22,100) in 2022, AED 90.5 billion (31,100) in 2023 and AED 123.9 billion (43,400) last year. TOP FIVE PERFORMING AREAS IN TERMS OF VOLUME IN Q2 2025 Transactions Total value Jumeirah Village Circle 4,930 AED6.47 billion Business Bay 3,143 AED10.05 billion Al Yelayiss 1 2,867 AED9.08 billion Wadi Al Safa 2,483 AED4.83 billion Dubai South 2,248 AED5.21 billion The top performing area in terms of overall value was Me'Aisem Second, with total sales amounting to AED14.94 billion for 844 transactions. The most expensive individual property sold in Q2 was a luxury villa on Palm Jumeirah which fetched AED 365 million. The most expensive apartment sold during the quarter went for AED 170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32% of sales (16,967), 26% (13,687) were below AED1 million, 17% (9,163) between AED2-3 million, 13% (6,804) between AED3-5 million, and 12% (6,496) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market – 66% over 34% both in terms of volume and value. BEST-SELLING PROJECTS IN Q2, 2025 1st Sale apartments Volume Value Median Price Binghatti Elite 712 410.7M 500K Sobha Solis 712 881.1M 1.1M Sobha Orbis 570 710.3M 1.2M Binghatti Skyrise 499 728.8M 1.2M Timez By Danube 450 499.8M 1.1M 1st Sale villas Al Yelayiss 1 2,227 7.2B 2.5M DIP Second 866 6.5B 7.2M Me'Aisem Second 832 14.8B 15.3M Madinat Hind 4 555 1.1B 2M Al Yufrah 1 486 2.5B 5M ReSale apartments Azizi Riviera (All) 317 267.5M 685K Peninsula 172 331.1M 1.7M M'terranean Cluster 127 80M 680K Canal Front Res 123 537.1M 4.4M Golf Promenade 121 122.9M 830.3K ReSale villas Al Yelayiss 1 600 1.7B 2.5M Wadi Al Safa 5 369 1.5B 3.3M Al Hebiah Fifth 333 1.2B 2.6M Wadi Al Safa 7 188 724.3M 3.2M Al Yufrah 1 184 637.8M 3M Ends
Mid East Info
03-04-2025
- Business
- Mid East Info
Dubai Real Estate market records AED142.7B sales in bumper first quarter - Middle East Business News and Information
Land deals lead the way as all sectors show significant year-on-year growth Dubai, UAE, 3rd April, 2025: Dubai's real estate market has continued its buoyant start to 2025, recording total sales worth AED 142.7 billion in Q1, the second highest quarterly figure on record. This represented a 30.3% year-on-year leap in value, while the 45,485 overall sales transactions also meant a 22.8% year-on-year increase. A market update issued today by fäm Properties revealed that the Q1 results were only fractionally down on the all-time quarterly sales record of AED 147.2 billion from 50,218 transactions in Q4 2024. The first quarter of 2025 saw significant year-on-year increases in all real estate sectors, led by a 193.8% jump in plot sales worth AED35.5 billion from 2,926 transactions. Data from DXBinteract shows villa sales were up by 43.1% year-on-year to AED41.3 billion from 8,369 deals, while apartment sales rose by 12.6% to AED 62.3 billion from 32,884 transactions. Commercial sales were also up by 25.2% to AED3.6 billion from 1,212 deals. Rising property values in recent years were highlighted by a Q1 median price of AED 1,563 per sq ft, compared with the Q1 rates of AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023 and AED 1,497 last year. 'Once again we're seeing figures which emphatically underscore the remarkable resilience and strength of Dubai's real estate market, as the consistent growth of recent years continues,' said Firas Al Msaddi, CEO of fäm Properties. 'This sustained upward trend cements Dubai's position as a prime real estate investment hub, drawing increasing interest from global investors alongside strong demand from local and regional buyers.' Dubai's Q1 property sales over the last five years have now risen to the current level from AED 21 billion (9,800 transactions) in 2020 to AED 24.6 billion (11,600) in 2021, AED 54.6 billion (20,200) in 2022, AED 89 billion (31,100) in 2023 and AED 109.5 billion (37,000) last year. The top five performing areas of Dubai in terms of volume in Q1 were: Jumeirah Village Circle: 3,605 transactions valued at AED 4.559 billion Wadi Al Safa: 3,596 transactions valued AED7.642 billion Business Bay: 2,782 transactions valued at AED 7.265 billion Dubai South: 2,676 transactions valued AED 8.745 billion Dubai Marina: 2,583 transactions valued at AED9.284 billion The most expensive individual property sold in Q1 was a luxury villa at Dubai Hills Estate which fetched AED 140 million. The most expensive apartment sold during the quarter went for AED 116 million at The Rings 1 at Jumeirah Second. With properties worth AED1-2 million accounting for 31% of sales (14,242), 26% (11,899) were below AED1 million, 19% (8,567) between AED2-3 million, 15% (6,837) between AED3-5 million, and 9% (3,939) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market – 65% over 35% in terms of volume and 61% against 39% in value. Ends
Zawya
03-04-2025
- Business
- Zawya
Dubai Real Estate market records AED142.7bln sales in bumper first quarter
Dubai, UAE: Dubai's real estate market has continued its buoyant start to 2025, recording total sales worth AED 142.7 billion in Q1, the second highest quarterly figure on record. This represented a 30.3% year-on-year leap in value, while the 45,485 overall sales transactions also meant a 22.8% year-on-year increase. A market update issued today by fäm Properties revealed that the Q1 results were only fractionally down on the all-time quarterly sales record of AED 147.2 billion from 50,218 transactions in Q4 2024. The first quarter of 2025 saw significant year-on-year increases in all real estate sectors, led by a 193.8% jump in plot sales worth AED35.5 billion from 2,926 transactions. Data from DXBinteract shows villa sales were up by 43.1% year-on-year to AED41.3 billion from 8,369 deals, while apartment sales rose by 12.6% to AED 62.3 billion from 32,884 transactions. Commercial sales were also up by 25.2% to AED3.6 billion from 1,212 deals. Rising property values in recent years were highlighted by a Q1 median price of AED 1,563 per sq ft, compared with the Q1 rates of AED 889 in 2021, AED 1,124 in 2022, AED 1,283 in 2023 and AED 1,497 last year. "Once again we're seeing figures which emphatically underscore the remarkable resilience and strength of Dubai's real estate market, as the consistent growth of recent years continues,' said Firas Al Msaddi, CEO of fäm Properties. 'This sustained upward trend cements Dubai's position as a prime real estate investment hub, drawing increasing interest from global investors alongside strong demand from local and regional buyers.' Dubai's Q1 property sales over the last five years have now risen to the current level from AED 21 billion (9,800 transactions) in 2020 to AED 24.6 billion (11,600) in 2021, AED 54.6 billion (20,200) in 2022, AED 89 billion (31,100) in 2023 and AED 109.5 billion (37,000) last year. The top five performing areas of Dubai in terms of volume in Q1 were: Jumeirah Village Circle: 3,605 transactions valued at AED 4.559 billion Wadi Al Safa: 3,596 transactions valued AED7.642 billion Business Bay: 2,782 transactions valued at AED 7.265 billion Dubai South: 2,676 transactions valued AED 8.745 billion Dubai Marina: 2,583 transactions valued at AED9.284 billion The most expensive individual property sold in Q1 was a luxury villa at Dubai Hills Estate which fetched AED 140 million. The most expensive apartment sold during the quarter went for AED 116 million at The Rings 1 at Jumeirah Second. With properties worth AED1-2 million accounting for 31% of sales (14,242), 26% (11,899) were below AED1 million, 19% (8,567) between AED2-3 million, 15% (6,837) between AED3-5 million, and 9% (3,939) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market - 65% over 35% in terms of volume and 61% against 39% in value.
