logo
#

Latest news with #FirasAlMsaddi

Dubai real estate sets new half year record as sales climb to Dh326.7 billion
Dubai real estate sets new half year record as sales climb to Dh326.7 billion

Khaleej Times

time7 hours ago

  • Business
  • Khaleej Times

Dubai real estate sets new half year record as sales climb to Dh326.7 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 Dh326.7 billion. The Q2 sales value was 25 per cent higher than the previous peak of Dh147.2 billion set in Q4 2024, while transaction volume rose 5.39 per cent 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 Dh32.2 billion from 1,384 transactions, a 49 per cent leap in volume on Q2 last year and a 27.1 per cent rise on Q1 2025. A total of 10,019 villa sales worth Dh66.5 billion was 38.3 per cent up in volume on the same period last year, while apartment sales worth Dh81.6 billion climbed 18.7 per cent in volume over Q2 last year and 22.7 per cent on the previous quarter. Commercial sales worth Dh3.6 billion also rose 12.5 per cent in volume to 1,252 transactions compared with the same period in 2024. A market update by fäm Properties reveals that the H1 sales value rose 40 per cent year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth Dh184 billion in Q2. Rising property values in recent years were highlighted by a median price of Dh1,607 per sq ft, compared with the Q2 rates of Dh958 in 2021, Dh1,151 in 2022, Dh1,339 in 2023 and Dh1,514 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 Dh10.8 billion (5,400 transactions) in 2020 to Dh36.6 billion (15,400) in 2021, Dh58.2 billion (22,100) in 2022, Dh90.5 billion (31,100) in 2023 and Dh123.9 billion (43,400) last year. The top performing area in terms of overall value was Me'Aisem Second, with total sales amounting to Dh14.94 billion for 844 transactions. With properties worth Dh1-2 million accounting for 32 per cent of sales (16,967), 26 per cent (13,687) were below Dh1 million, 17 per cent (9,163) between Dh2-3 million, 13 per cent (6,804) between Dh3-5 million, and 12 per cent (6,496) more than Dh5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market — 66 per cent over 34 per cent both in terms of volume and value.

Dubai Real Estate Sets New Half Year Record as Sales Climb to AED326.7 Billion
Dubai Real Estate Sets New Half Year Record as Sales Climb to AED326.7 Billion

Hi Dubai

time12 hours ago

  • 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

Dubai real estate sets new record as sales climb to $89 billion in H1 2025
Dubai real estate sets new record as sales climb to $89 billion in H1 2025

Economy ME

time13 hours ago

  • Business
  • Economy ME

Dubai real estate sets new record as sales climb to $89 billion in H1 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 AED326.7 billion ($88.95 billion). According to data from fäm Properties , H1 sales value rose 40 percent year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED184 billion in Q2. 'These numbers once again highlight the consistent strength and resilience of Dubai's real estate market. 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,' said Firas Al Msaddi, CEO of fäm Properties. Q2 sales value surpasses previous peak by 25 percent The report revealed that Q2 sales value was 25 percent higher than the previous peak of AED147.2 billion set in Q4 2024 and transaction volume rose 5.39 percent 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 percent leap in volume on Q2 last year and a 27.1 percent rise on Q1 2025. A total of 10,019 villa sales worth AED66.5 billion were recorded, an increase of 38.3 percent in volume compared to the same period last year, while apartment sales worth AED81.6 billion climbed 18.7 percent in volume over Q2 last year and 22.7 percent on the previous quarter. In addition, commercial sales worth AED3.6 billion also rose 12.5 percent in volume to 1,252 transactions compared with the same period in 2024. Property prices surge as demand grows Rising property values across Dubai's real estate market in recent years were highlighted by a median price of AED1,607 per sq ft, compared with the Q2 rates of AED958 in 2021, AED1,151 in 2022, AED1,339 in 2023 and AED1,514 last year. Dubai's Q2 real estate sales over the last five years have now risen to the current level from AED10.8 billion (5,400 transactions) in 2020 to AED36.6 billion (15,400) in 2021, AED58.2 billion (22,100) in 2022, AED90.5 billion (31,100) in 2023 and AED123.9 billion (43,400) last year. Read: Why the UAE's real estate market is becoming a global wealth magnet Top 5 performing areas in Q2 2025 fäm Properties also revealed that the top five performing areas so far this year are Jumeirah Village Circle, with 4,930 transactions worth AED6.47 billion, Business Bay with 3,143 transactions worth AED10.05 billion, and Al Yelayiss 1, with 2,867 transactions worth AED9.08 billion. The top five also includes Wadi Al Safa and Dubai South. In terms of overall value, the top-performing area 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 AED365 million. Meanwhile, the most expensive apartment sold during the quarter went for AED170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32 percent of sales, 26 percent were below AED1 million, 17 percent were between AED2-3 million, 13 percent were between AED3-5 million, and 12 percent were more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market, 66 percent over 34 percent, both in terms of volume and value.

Dubai real estate sales hit record $89bn in H1 2025; best-selling projects and neighbourhoods revealed
Dubai real estate sales hit record $89bn in H1 2025; best-selling projects and neighbourhoods revealed

Arabian Business

time14 hours ago

  • Business
  • Arabian Business

Dubai real estate sales hit record $89bn in H1 2025; best-selling projects and neighbourhoods revealed

Dubai's real estate market recorded its highest-ever half-year performance, with 98,603 property sales worth AED326.7bn ($89bn) completed in the first half of 2025, according to the latest update from fäm Properties. The growth was fuelled by a record-breaking Q2, which saw 53,118 transactions worth AED184bn ($50.1bn) — a 25 per cent increase in value compared to the previous peak of AED147.2bn ($39.7bn) in Q4 2024, and 5.39 per cent more transactions than the earlier record of 50,400 deals. Dubai real estate Q2 2025 Plot sales: AED 32.2bn ($8.7bn) from 1,384 deals (up 49 per cent YoY) Villas: 10,019 units sold worth AED66.5bn ($18.1bn) (up 38.3 per cent YoY) Apartments: AED81.6bn ($22.2bn) in sales (up 18.7 per cent YoY) Commercial properties: AED3.6bn ($980m) from 1,252 transactions (up 12.5 per cent YoY) The median property price reached AED 1,607 ($435) per sq ft, rising from AED 958 ($259) in 2021, AED 1,151 ($311) in 2022, AED 1,339 ($361) in 2023, and AED 1,514 ($409) last year. Firas Al Msaddi, CEO of fäm Properties, said: 'These numbers once again highlight the consistent strength and resilience of Dubai's real estate market. 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 Q2 property sales over five years 2020: AED 10.8bn ($2.9bn) from 5,400 transactions 2021: AED 36.6bn ($9.9bn) from 15,400 transactions 2022: AED 58.2bn ($15.8bn) from 22,100 transactions 2023: AED 90.5bn ($24.6bn) from 31,100 transactions 2024: AED 123.9bn ($33.7bn) from 43,400 transactions Top-performing areas by transaction volume (Q2 2025): Area Transactions Total Sales Value Jumeirah Village Circle 4,930 AED6.47bn ($1.76bn) Business Bay 3,143 AED10.05bn ($2.71bn) Al Yelayiss 1 2,867 AED9.08bn ($2.48bn) Wadi Al Safa 2,483 AED4.83bn ($1.3bn) Dubai South 2,248 AED5.21bn ($1.41bn) The top-selling area by total value was Me'Aisem Second, recording AED14.94bn ($4.1bn) from 844 transactions. Meanwhile, the most expensive properties sold in Q2 were, for a villa, AED365m ($99.3m) on Palm Jumeirah and AED170m ($46.3m) at Peninsula Dubai Residences, Tower 1, for an apartment. Dubai real estate buyer activity by price bracket AED1–2m ($272K–$544K): 32 per cent of transactions (16,967 sales) Under AED1m ($272K): 26 per cent (13,687) AED2–3m ($544K–$816K): 17 per cent (9,163) AED3–5m ($816K–$1.36m): 13 per cent (6,804) Above AED 5m ($1.36m): 12 per cent (6,496) Primary v. Secondary market First sales (developers): 66 per cent Re-sales (secondary market): 34 per cent Best-selling first sale apartment projects in Q2 2025 Project Sales Volume Value Median Price Binghatti Elite 712 AED 410.7m ($111m) AED 500K ($136K) Sobha Solis 712 AED 881.1m ($238m) AED 1.1m ($299K) Sobha Orbis 570 AED 710.3m ($192m) AED 1.2m ($327K) Binghatti Skyrise 499 AED 728.8m ($197m) AED 1.2m ($327K) Timez By Danube 450 AED 499.8m ($135m) AED 1.1m ($299K) Best-selling first sale villa projects in Q2 2025 Project Sales Volume Value Median Price Al Yelayiss 1 2,227 AED 7.2bn ($1.94bn) AED 2.5m ($680K) DIP Second 866 AED 6.5bn ($1.76bn) AED 7.2m ($1.96m) Me'Aisem Second 832 AED 14.8bn ($4.00bn) AED 15.3m ($4.13m) Madinat Hind 4 555 AED 1.1bn ($299m) AED 2m ($544K) Al Yufrah 1 486 AED 2.5bn ($680m) AED 5m ($1.36m) Best-selling resale apartment projects in Q2 2025 Project Sales Volume Value Median Price Azizi Riviera 317 AED 267.5m ($72m) AED 685K ($186K) Peninsula 172 AED 331.1m ($89m) AED 1.7m ($462K) M'terranean Cluster 127 AED 80m ($21.8m) AED 680K ($185K) Canal Front Res 123 AED 537.1m ($145m) AED 4.4m ($1.2m) Golf Promenade 121 AED 122.9m ($33.2m) AED 830.3K ($225K) Best-selling resale villa projects in Q2 2025 Project Sales Volume Value Median Price Al Yelayiss 1 600 AED 1.7bn ($462m) AED 2.5m ($680K) Wadi Al Safa 5 369 AED 1.5bn ($408m) AED 3.3m ($898K) Al Hebiah Fifth 333 AED 1.2bn ($327m) AED 2.6m ($707K) Wadi Al Safa 7 188 AED 724.3m ($196m) AED 3.2m ($871K) Al Yufrah 1 184 AED 637.8m ($172m) AED 3m ($816K)

Dubai real estate sets record as sales climb to $89 billion in H1 2025
Dubai real estate sets record as sales climb to $89 billion in H1 2025

Economy ME

time14 hours ago

  • Business
  • Economy ME

Dubai real estate sets record as sales climb to $89 billion in H1 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 AED326.7 billion ($88.95 billion). According to data from fäm Properties , H1 sales value rose 40 percent year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED184 billion in Q2. 'These numbers once again highlight the consistent strength and resilience of Dubai's real estate market. 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,' said Firas Al Msaddi, CEO of fäm Properties. Q2 sales value surpasses previous peak by 25 percent The report revealed that Q2 sales value was 25 percent higher than the previous peak of AED147.2 billion set in Q4 2024 and transaction volume rose 5.39 percent 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 percent leap in volume on Q2 last year and a 27.1 percent rise on Q1 2025. A total of 10,019 villa sales worth AED66.5 billion were recorded, an increase of 38.3 percent in volume compared to the same period last year, while apartment sales worth AED81.6 billion climbed 18.7 percent in volume over Q2 last year and 22.7 percent on the previous quarter. In addition, commercial sales worth AED3.6 billion also rose 12.5 percent in volume to 1,252 transactions compared with the same period in 2024. Property prices surge as demand grows Rising property values across Dubai's real estate market in recent years were highlighted by a median price of AED1,607 per sq ft, compared with the Q2 rates of AED958 in 2021, AED1,151 in 2022, AED1,339 in 2023 and AED1,514 last year. Dubai's Q2 real estate sales over the last five years have now risen to the current level from AED10.8 billion (5,400 transactions) in 2020 to AED36.6 billion (15,400) in 2021, AED58.2 billion (22,100) in 2022, AED90.5 billion (31,100) in 2023 and AED123.9 billion (43,400) last year. Read: Why the UAE's real estate market is becoming a global wealth magnet Top 5 performing areas in H1 2025 fäm Properties also revealed that the top five performing areas so far this year are Jumeirah Village Circle, with 4,930 transactions worth AED6.47 billion, Business Bay with 3,143 transactions worth AED10.05 billion, and Al Yelayiss 1, with 2,867 transactions worth AED9.08 billion. The top five also includes Wadi Al Safa and Dubai South. In terms of overall value, the top-performing area 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 AED365 million. Meanwhile, the most expensive apartment sold during the quarter went for AED170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32 percent of sales, 26 percent were below AED1 million, 17 percent were between AED2-3 million, 13 percent were between AED3-5 million, and 12 percent were more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market, 66 percent over 34 percent, both in terms of volume and value.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store