Dubai Real Estate Market Report — February, 2025

Dubai Real Estate Market Report – February 2025

Dubai's property market began 2025 running at full pace. February recorded 16,049 transactions worth AED 51.13 billion across every property type, with the all-property total setting records on both fronts — volume and value alike. The median came in at AED 1,553/sqft.

On the narrower apartment, villa and commercial basis, volume reached 15,697 deals, up +34% year on year, and value hit AED 42.75 billion, up +51%. Villas carried most of that load, more than doubling their transaction count against February 2024.

Headline figures

Year-on-year performance by category

Apartments stayed the market's anchor on both count and value. The segment posted 11,328 sales, up 19% year on year and 1,837 deals ahead of last February — the highest February volume in the 12-year series. Value climbed to AED 21.59 billion (+22%), the largest of any category, and the median ticket edged up 1% to AED 1,283,125. The one weak spot was pricing: at AED 1,643/sqft, the apartment median slipped 2% from a year earlier, though it remains 37% above the 2014 base.

Villas were the month's headline and the engine behind the growth. Transactions jumped 111% to 3,929 — 2,068 more than a year earlier and the highest February volume in the series — while value rose 102% to AED 19.96 billion, second only to apartments. Unlike apartments, villa pricing moved higher: the median reached AED 1,458/sqft, up 19% year on year and the highest February price per square foot in the 12-year series, now 101% above 2014. The median villa ticket climbed 7% to AED 3,256,000.

Commercial was smaller but resilient, with 440 deals (+38%, the highest February volume since 2014) worth AED 1.20 billion. Its median of AED 1,428/sqft rose 5%, marking the highest February price per square foot in the series. Beyond the three core categories, plots contributed AED 8.35 billion from 351 sales to rank third by value, and a single building trade at AED 30.60 million carried the largest median ticket of any category, AED 30,600,000.

Every category, including plots and buildings

Outside the core categories, plots made a notable contribution, delivering AED 8.35 billion across 351 transactions — third-largest by value behind apartments and villas — at a median ticket of AED 5,000,000 and AED 451/sqft. A single building sale worth AED 30.60 million closed out the month and, at AED 30,600,000, carried the highest median ticket of any category.

Primary versus resale

Off-plan continued to dominate the market. Primary sales made up 66% of volume and 67% of value — 10,384 transactions worth AED 28.61 billion — while resale contributed the remaining 5,313 deals and AED 14.14 billion, or 34% of volume and 33% of value. The two channels tracked each other closely, with resale's value share sitting just a point below its volume share.

Where the activity was

Al Yufrah 1 topped the value table at AED 3.06 billion, ahead of Marsa Dubai (AED 2.94 billion), Wadi Al Safa 5 (AED 2.73 billion), Palm Jebel Ali (AED 2.58 billion) and Al Yelayiss 1 (AED 2.37 billion). By transaction count, Wadi Al Safa 5 led at 1,286 deals, followed by Al Barsha South Fourth (1,245), Marsa Dubai (898), Business Bay (873) and Dubai South (789). Two areas — Marsa Dubai and Wadi Al Safa 5 — appear on both lists, combining high value with high turnover.

Rental market

Rental demand firmed, with rents rising in almost every segment. New apartment leases (10,995, +4.80%) carried a median AED 70,000, up 14.38%, while renewals (13,056, +3.82%) reached AED 55,000, up 10%. Villa rents rose the fastest: new leases hit AED 180,000 (+15.38%) and renewals AED 155,000 (+10.71%), with renewal rent per square foot up 21.28%. Commercial presented a mixed picture — new-lease volume jumped 28.07%, yet the new-lease median stayed flat at AED 110,000 (0%), even as commercial renewals climbed 19.09% to AED 106,000.

Supply

Developers kept new launches running well ahead of completions. February saw 11,233 units launched across 42 projects against 5,748 units delivered across 25 projects — a launch-to-delivery ratio of 2.0 and a net addition of 5,485 more units launched than delivered.

Launched

• Serenia District - West – Al Thanyah Fifth (Palma), 423 units
• Arista One – Al Satwa (Arista), 64 units
• Celeste – Al Jaddaf (Hre), 51 units
• Oakyard Residences – Al Barsha South Fourth (One Yard), 191 units
• Cotier House 1 By Imtiaz – Dubai Islands (Imtiaz), 137 units
• Gharbi Ii Residence – Al Barsha South Fourth (Rabdan), 236 units
• Al Haseen Residence 3 – Saih Shuaib 3 (Dugasta), 180 units
• Skyvue Spectra – Bukadra (Sobha), 1,375 units
• Sola Residences – Jabal Ali First (Royal Centurion), 260 units
• Damac Islands - Maldives 4 – Al Yelayiss 1 (Damac), 681 units
• Address Grand Downtown – Downtown Dubai (Nshama), 80 units
• City Walk Crestlane 2 Building B – Al Wasl (Meraas), 203 units
• Sunset Bay Two By Imtiaz – Dubai Islands (Imtiaz), 66 units
• Damac Islands - Bora Bora 1 – Al Yelayiss 1 (Damac), 251 units
• Coastal Haven By Prestige Harbour Real Estate Development – Dubai Islands (Prestige One), 73 units
• Damac Islands - Maldives 5 – Al Yelayiss 1 (Damac), 144 units
• Damac Islands - Fiji 2 – Al Yelayiss 1 (Damac), 400 units
• Estrella By Nexus – Wadi Al Safa 3 (Nexus Capital), 60 units
• Golf Grove By Regent – Me'Aisem First (Regent), 98 units
• Linden Residences – Warsan Fourth (Hesper), 72 units
• Vida Residences Hillside Tower B – Hadaeq Sheikh Mohammed Bin Rashid (Emaar), 500 units
• Wellington Ocean By Ank Motiwala Developments – Dubai Islands (Wellington), 49 units
• City Walk Crestlane 3 Building B – Al Wasl (Meraas), 195 units
• Beachfront Gates 2 – Dubai South (Dubai South), 162 units
• Timez By Danube – Nadd Hessa (Danube), 1,191 units
• Sensia – Madinat Dubai Almelaheyah (Aestas), 276 units
• Allura Residences By Citi Developers – Al Barsha South Fourth (Citi Developers), 264 units
• Chapal The Destiny B – Al Hebiah Fourth (Dubai Sports City), 734 units
• Rena – Dubai Islands (Avenew), 64 units
• Celeste Heights By Zimaya Properties – Jabal Ali First (Zimaya), 71 units
• Ayamore Residence – Dubai Islands (Ayat), 94 units
• Jumeirah Residences Asora Bay – Jumeirah First (Meraas), 29 units
• Al Waha 2 – Dubai South (Expo City Dubai), 14 units
• Greenspoint 2 – Dubai South (Emaar), 244 units
• Damac Islands - Bora Bora 3 – Al Yelayiss 1 (Damac), 388 units
• 311 Boulevard By Bam Eskan – Al Barsha South Fourth (Bam Development), 399 units
• Celia Gardens – Nad Al Sheba First (Abou Eid), 45 units
• Damac Islands - Bora Bora 2 – Al Yelayiss 1 (Damac), 233 units
• Damac Islands - Fiji 1 – Al Yelayiss 1 (Damac), 398 units
• Floarea Grande – Al Barsha South 3 (Mashriq Elite), 222 units
• The First Collection At Dubai Studio City – Al Hebiah Second (The First Group), 510 units
• Villa Del Divos Residences – Dubai Islands (Mr Eight), 106 units

Delivered

• Mohammed Bin Rashid Al Maktoum City District One, B Villas – Al Merkadh (Meydan), 161 units
• Island Park Ii – Dubai Creek Harbour (Emaar), 174 units
• Nadine Residences 2 – Jabal Ali First (London Gate), 102 units
• Harmony 3 – Al Hebiah Fourth (Majid Al Futtaim), 514 units
• Beverly Boulevard – Al Barsha South 3 (H M B Homes), 271 units
• Elysee Lll By Pantheon – Al Barsha South Fourth (Pantheon), 327 units
• Island Park I – Dubai Creek Harbour (Emaar), 176 units
• Azizi Riviera 59 – Al Merkadh (Azizi), 123 units
• Damac Hills-Park Residences 1 – Al Hebiah Third (Damac), 348 units
• Binghatti Amber – Al Barsha South Fourth (Binghatti), 658 units
• Vida Dubai Mall Tower 2 – Downtown Dubai (Emaar), 699 units
• 555 Park Views – Al Barsha South Fifth (Serene Developments), 71 units
• Azizi Riviera 63 – Al Merkadh (Azizi), 122 units
• La Perla Homes 12 – Al Barsha South Fourth (G H D), 18 units
• Symbolic Alpha – Wadi Al Safa 2 (Symbolic), 97 units
• Liva – Al Yelayiss 2 (Nshama), 487 units
• Hamilton House – Al Barsha South Fourth (Ellington), 102 units
• Golf Place Ll – Hadaeq Sheikh Mohammed Bin Rashid (Emaar), 128 units
• Damac Hills - Silver Springs 3 – Al Hebiah Third (Damac), 258 units
• Park Lane By Heilbronn – Al Barsha South Fourth (Heilbronn), 82 units
• Rukan2 – Wadi Al Safa 7 (Continental Investments), 49 units
• Rukan Residence – Wadi Al Safa 7 (Continental Investments), 124 units
• Kensington Waters B – Al Merkadh (Ellington), 311 units
• Bliss Homes – Wadi Al Safa 5 (Rashed Aljabri), 105 units
• Greenview 3 – Dubai South (Emaar), 241 units

Most expensive sales

Top apartment sales

1. AED 116,000,000 – The Rings - 1, Jumeirah Second
2. AED 66,500,000 – Bluewaters Residences 8, Marsa Dubai
3. AED 65,760,000 – One Sankari West Tower, Business Bay
4. AED 62,000,000 – The Rings - 2, Jumeirah Second
5. AED 58,000,000 – Serenia Residences Building C, Palm Jumeirah

Top villa sales

1. AED 140,000,000 – Hadaeq Sheikh Mohammed Bin Rashid
2. AED 115,000,000 – Palm Jumeirah
3. AED 95,000,000 – Emirates Living
4. AED 75,000,000 – World Islands
5. AED 57,792,888 – Me'Aisem Second

Notes on methodology

Scope. Headline totals and the category table span every property category present in the data, Plot and Building included. The primary/resale split, top-area rankings and the year-on-year series relate to Apartment, Villa and Commercial only, so those figures sit deliberately below the headline and should not be added across sections.

Rounding. Headline totals represent the authoritative rounded figures. Category-level breakdowns are rounded independently and may not sum exactly to the headline.

Definitions. Price figures are medians, not averages. Year-on-year measures compare the period with the same period one year earlier. All values are in AED; areas in square feet.