Dubai Property Market Sales Overview - March 24, 2025
Total Sales Value and Volume
On Monday, March 24, 2025, the Dubai property market showcased robust activity with a total of 766 transactions completed, representing a substantial worth of 2.2 billion AED. This indicates a healthy market atmosphere with consistent demand supporting property sales across various segments, from luxury villas to investment plots. Such a volume reinforces the ongoing confidence built within the emirate's real estate sector, despite potential external influences affecting global markets.
The Most Prominent Transitions
The landscape of Dubai's property market is continuously evolving, evidencing dynamic transitions across different property types and regions. The day highlighted several standout transactions characterized by fluctuations in demand and market preferences, especially in the plot category where we observed significant resale activity. The resilience of the resale segment indicates a solid return on investment for existing property owners and a persistent allure for buyers looking for well-established areas ripe for redevelopment or personal use.
Investments in new developments continued to gain traction, showcasing buyers' confidence in upcoming projects. The fact that primary market properties have maintained competitive pricing aligns with the broader trend of urban expansion and infrastructure development within Dubai, further suggesting that upcoming projects will likely see strong demand.
The Most Expensive Properties Sold
Luxury properties, particularly those priced over 10 million AED, continue to be a focal point of interest. On this date, the most expensive properties sold were:
- Al Hebiah Fourth: Plot worth 53.2 million AED, size 52,283 sqft, sale stage: ReSale.
- Al Barsha South Fourth: Plot worth 45.5 million AED, size 23,897 sqft, sale stage: ReSale.
- Palm Deira: Plot worth 31.3 million AED, size 27,771 sqft, sale stage: Primary Market (By developer).
- Hadaeq Sheikh Mohammed Bin Rashid: Plot worth 27 million AED, size 7,466 sqft, sale stage: ReSale.
- Al Thanyah Fifth: Villa worth 24.5 million AED, size 10,779 sqft, sale stage: ReSale.
- Al Merkadh: Villa worth 22.5 million AED, size 8,288 sqft, sale stage: ReSale.
- Palm Jabal Ali: Multiple villas sold with prices reaching up to 22.4 million AED.
This robust activity in the luxury segment indicates a stable appetite for high-end real estate, driven by both local and foreign investors. The continued demand for prime plots suggests a focus on luxury residential developments in coveted locations, supported by Dubai’s ongoing transformation into a global lifestyle destination.
Sales Summary
The day’s sales reflected a diverse range of property types, highlighting investor interest across primary and resale markets. A detailed breakdown reveals the following:
- Primary Market Apartments: 333 units sold, with a total sale volume of 602.6 million AED.
- Primary Market Villas: 43 units sold, totaling 263.8 million AED.
- ReSale Apartments: 273 units sold, commanding a sale volume of 625.8 million AED.
- ReSale Villas: 42 units sold, aggregating to 238 million AED.
- Plots: 43 sold, with a total sale volume of 436.6 million AED.
These numbers paint a vibrant picture of a market that remains attractive to investors, balancing between new developments and established properties, reflecting ongoing urbanization efforts in Dubai.
New Projects
As the market evolves, new projects are essential drivers of growth. Upcoming developments in the pipeline include:
- Vida Residences Club Point - Building A - Launched on 20/09/24, with handover scheduled for 28/02/29.
- Porto View - Launched on 18/09/24, anticipated handover on 31/10/28.
- Pier Point 1 & 2 - Also launched on 18/09/24, with handover dates set for 31/10/28.
- Luminar Tower 2 - Launched on 16/09/24, handover expected on 27/10/26.
- Beach Walk Residences 3 by Imtiaz - Launched on 06/09/24, with handover on 14/06/26.
- Cove Edition Residence 1 by Imtiaz - Launched on 19/08/24, with a handover on 25/08/26.
- Ocean Pearl by SD - 2 - Launched on 13/08/24, expected handover on 31/03/27.
These projects will enhance Dubai’s skyline and residential offerings, contributing to the city's reputation as a global hub for luxury living and investment opportunities.
Conclusion
In summary, the Dubai property market is witnessing a significant surge, as evidenced by the totals of 766 transactions amounting to 2.2 billion AED. The day's standout transactions reinforce the resilience of both the primary and resale markets, with luxury properties leading the charge, further accentuated by an influx of new project launches aimed at meeting the increasing demand for high-quality living spaces. As the market continues on this upward trajectory, stakeholder confidence remains strong, setting a promising tone for the coming months.