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Daily Tribune
03-07-2025
- Business
- 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.
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
