The Dubai realty market sets new milestones in the first week of 2025 with over AED 12.13 billion in transactions.
Dubai’s real estate sector continues to be in the spotlight with incredible growth. According to the Dubai Land Department, the realty market clocked sales figures of AED 12.13 billion ($3.3 billion) in transactions over the last week alone. The city continues to attract both local and global investors, particularly in the market’s luxury segment.
An apartment in Palm Jumeirah fetched $13.6 million, setting new records for luxury residential units. Premium properties are being snapped up in prime locations like Palm Jumeirah and Emirates Hills, where property prices surged over 20% in 2024.
Property prices across Dubai have witnessed steady appreciation.
- The primary market’s average price per square foot increased by 10% to AED 1,600.
- The secondary market’s YoY rise went up to 12% (i.e., AED 1,300).
Several government initiatives to attract global investment and ensure sustainable development led to this phenomenal growth. Some factors include the following —
- introduction of long-term residency visas
- relaxed ownership regulations for foreigners
- the Dubai Real Estate Strategy 2033
In 2025, Dubai’s property prices may rise by 10-15%. The city’s high rental yields average around 7%, ensuring a stable ROI. Moreover, by 2025, Dubai’s populace may exceed 4 million; this will lead to higher demand for residential properties. ‘Smart homes,’ especially in newly developed neighborhoods, may garner more interest among potential buyers.
With sustained interest and price appreciation in luxury real estate, the realty sector remains a key pillar of Dubai’s financial growth and a top draw for global investors.
