Dubai real estate off to a good start; January sales hit $12bn
DUBAI, February 6, 2025
Dubai’s real estate market has made a strong start to 2025, with property sales in January surging to hit AED44.4 billion ($12 billion), up 24.1% in value over last year, according to UAE-based fäm Properties.
Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion.
A market update from fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024.
Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945, stated the report.
A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020, it added.
As per the report, Dubai's property sales for the month witnessed a 822% jump in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year.
The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat.
On the solid start, Firas Al Msaddi, CEO of fäm Properties, said: "The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years."
"This underlines Dubai’s status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets," he added.
