Dubai Real Estate Market Report — March, 2025

Dubai Real Estate Market Report – March 2025

Dubai's property market delivered its best March in over ten years during March 2025. Some 15,154 deals were completed, generating AED 47.26 billion at a blended median of AED 1,599/sqft — an all-time high for the month on both count and value.

Restricting the view to the Apartment, Villa and Commercial segments, transactions totalled 14,837, a +11% rise year on year, as value advanced +17% to AED 38.49 billion. Apartments carried the load.

Headline figures

Year-on-year performance by category

The apartment segment powered the growth. It recorded 11,658 sales, a +10% gain and 1,031 more than in March a year ago — the strongest March volume across the 12-year series. Value advanced +16% to AED 22.74 billion, while the median came to rest at AED 1,713/sqft, the highest March reading ever logged: +10% across the year and +35% above 2014. The median apartment changed hands at AED 1,310,000, +9% above the level of a year before.

Villas expanded even more quickly by count, gaining 356 transactions to hit 2,770 (+15%), likewise a March record for the series, while value matched apartments at +16%, equal to AED 14.54 billion. The headline sits in the per-foot rate: a median of AED 1,469/sqft is +18% higher over the year and +96% above 2014, the biggest long-run advance of any segment. Tellingly, the median villa ticket stayed unchanged at AED 3,314,000 (0%) even as the square-foot rate rose.

Commercial was the smallest of the segments yet the liveliest on value. A mere 409 transactions — 68 above last March and the highest March tally since 2014 — produced AED 1.21 billion, an +80% leap. Pricing strengthened to AED 1,688/sqft (+13% year on year and +50% against 2014), and the median ticket advanced +29% to AED 1,639,815, indicating that larger deals were clearing.

Every category, including plots and buildings

Plots explain the difference between the headline figure and the core-segment totals. Just 317 plot transactions were logged, but they carried AED 8.77 billion in value — the third-largest value pool behind apartments and villas, and well clear of commercial — on a median ticket of AED 4,500,000, the largest of any category. At AED 453/sqft the median land rate sits far beneath built product, as one would expect.

Primary versus resale

The primary market set the tempo. Off-plan and developer transactions represented 64% of volume and 62% of value — 9,551 deals worth AED 23.77 billion. Resale supplied the balance, 36% of transactions (5,286 deals) but a marginally greater 38% of value at AED 14.72 billion, suggesting secondary activity tilted toward pricier stock.

Where the activity was

On value, Marsa Dubai came first at AED 3.74 billion, followed by Business Bay (AED 2.78 billion), Palm Jebel Ali (AED 2.24 billion), Dubai South (AED 2.10 billion) and Al Yelayiss 1 (AED 1.98 billion). Measured purely by count, Al Barsha South Fourth headed the list with 1,366 deals, then Business Bay (1,132), Marsa Dubai (986), Dubai South (913) and Wadi Al Safa 5 (892). Business Bay, Marsa Dubai and Dubai South feature on both tables, marking them as the month's twin hubs for capital and deal flow alike.

Rental market

Leasing remained solid everywhere. Fresh apartment contracts came to 10,911 (+8.87%) at a median rent of AED 69,000 (+9.52%), while the deeper pool of 13,492 renewals (+4.84%) sat at AED 55,123 (+9.37%). Villas recorded the fastest rent growth: new leases surged +21.71% to a median AED 185,000 over 1,340 contracts, though villa renewals were the sole category to lose ground, down -4.37% to 1,313. Commercial new leases reached AED 125,000 (+9.65%) over 1,751 contracts, with renewal rents +21.48% higher at AED 109,657.

Supply

The development pipeline leaned decisively toward new launches. Developers introduced 9,474 units across 33 projects, versus 1,935 units handed over from 12 completions — a launch-to-delivery ratio of 4.9 and a net of 7,539 more units launched than delivered. The forward supply book kept growing.

Launched

• Tulip Oasis 10 – Wadi Al Safa 3 (Ame Development), 130 units
• Albero – Dubai Creek Harbour (Emaar), 479 units
• Woodland Crest – Nad Al Sheba First (Amis), 52 units
• Avenue Residence 8 – Jabal Ali First (Nabni), 104 units
• Altan – Dubai Creek Harbour (Emaar), 479 units
• The Autograph-I Series – Al Barsha South Fourth (Green Properties), 272 units
• Equiti Tower – Warsan Fourth (Bnh), 88 units
• Azizi Arian – Jabal Ali First (Azizi), 631 units
• Azurline Residences By Maas Developers – Al Barsha South Fourth (Maas Developers), 205 units
• Golf Verge Building C – Dubai South (Emaar), 204 units
• Binghatti Haven – Al Hebiah Fourth (Binghatti), 501 units
• Volna By Kasco – Al Jaddaf (Kasco), 73 units
• Binghatti Amberhall – Al Barsha South Fourth (Binghatti), 710 units
• The Maiden Residence – Warsan Fourth (Tulip Althahabi Development), 71 units
• Odessa – Al Yelayiss 2 (Nshama), 178 units
• Edgewater Residences 3 - Building A – Dubai Islands (Mgs Development), 81 units
• The Oasis - Address Villas - Tierra – Me'Aisem Second (Emaar), 487 units
• Vivid Tower – Al Barsha South Fifth (Object One), 147 units
• Trussardi Residences 2 - Tower B – Jabal Ali First (Mira), 396 units
• The Acres 2 & Estates 2 – Wadi Al Safa 7 (Meraas), 266 units
• Golf Meadow – Dubai South (Emaar), 224 units
• The Oasis - Palace Villas - Ostra – Me'Aisem Second (Emaar), 526 units
• Luxury Canal Residences – Dubai Islands (Prestige One), 73 units
• The Element At Sobha One – Ras Al Khor (Sobha), 401 units
• Sunbliss Residences By Purvanchal Real Estate Developers – Jabal Ali First (Purvanchal Developers), 99 units
• Bellagio By Sunrise - Building 2 – Jabal Ali First (Sunrise Capital), 256 units
• Azizi Ruby – Al Barsha South Fourth (Azizi), 264 units
• Peace Lagoons Ii By Peace Homes – Wadi Al Safa 5 (Peace Homes), 831 units
• D Villas – Me'Aisem First (Dar Global), 198 units
• High Best Tower - Building B – Wadi Al Safa 3 (True Future), 88 units
• Lumiere Heights – Al Jaddaf (Ajg Development), 124 units
• Binghatti Skyhall – Business Bay (Binghatti), 728 units
• Tulip Oasis 11 – Wadi Al Safa 3 (Ame Development), 108 units

Delivered

• Binghatti Galaxy - 2 – Al Barsha South Fourth (Binghatti), 148 units
• Azizi Riviera 61 – Al Merkadh (Azizi), 242 units
• Le Parc Homes Ii – Al Barsha South Fourth (Kbw), 13 units
• Luxury Family Residence Ii – Business Bay (Kappa Acca), 205 units
• Azizi Riviera 65 – Al Merkadh (Azizi), 171 units
• Binghatti Tulip – Al Barsha South Fourth (Binghatti), 279 units
• Arabian Ranches Lll - Caya 2 – Wadi Al Safa 5 (Emaar), 247 units
• The Pulse Beachfront 2 – Dubai South (Dubai South), 198 units
• Azizi Riviera 67 – Al Merkadh (Azizi), 198 units
• The 100 - 2 – Nad Al Sheba First (Al Zahir Investments), 46 units
• H Three By Aurora – Al Barsha South Fourth (Aurora), 147 units
• Majestic Vistas – Hadaeq Sheikh Mohammed Bin Rashid (Emaar), 41 units

Most expensive sales

Top apartment sales

1. AED 60,230,400 – Luxury Family Residences 3, Business Bay
2. AED 57,000,000 – Bulgari Residences 4, Jumeirah Bay Islands
3. AED 45,500,000 – Address Residences Sky View, Downtown Dubai
4. AED 38,250,000 – Bridge Sky, Downtown Dubai
5. AED 26,779,941 – Baccarat Residence T1, Downtown Dubai

Top villa sales

1. AED 85,500,000 – Emirates Living
2. AED 73,000,000 – World Islands
3. AED 61,240,000 – Palm Jumeirah
4. AED 41,333,460 – Al Hebiah Fourth
5. AED 40,527,552 – Palm Jebel Ali

Notes on methodology

Scope. Headline totals and the category table take in every property category present in the data, Plot and Building included. The primary/resale split, the top-area rankings and the year-on-year series relate to Apartment, Villa and Commercial alone, so those numbers are intentionally smaller than the headline and must not be summed across sections.

Rounding. The headline totals are the authoritative rounded values. Category-level breakdowns are rounded on their own and need not add up precisely to the headline.

Definitions. Price figures represent medians rather than averages. Year-on-year sets the period against the matching period twelve months earlier. All values are in AED; areas are in square feet.