Dubai’s real estate market is off to a strong start in 2025. Total property sales in January were worth AED 44.4 billion (USD 12.1 billion), up 24.1% year-on-year.
According to a market update released today by fam Properties, a total of 14,236 transactions took place last month, up 23.2% compared to January 2024.
Land sales recorded the largest increase in January, with 811 plots of land sold for AED 8.6 billion (USD 2.3 billion), up 151.9% month-on-month.
Dubai real estate January 2025
Villa sales surged 89.6 percent to 3,117 units for a total value of AED 16.4 billion ($4.5 billion) compared to January last year, while apartment sales increased 7.1 percent to 9,945 units for a total value of AED 18.2 billion ($5 billion).
Commercial property transactions totaled 363 transactions valued at AED 1.2 billion ($327 million), a 17.9 percent increase in transaction volume compared to January 2024.
The average price per square meter fell slightly by 4 percent to AED 1,550 ($422), but still represents an 81.2 percent increase over the past five years compared to January 2020’s AED 855 ($233).
Firas Al Musadi, CEO of fam Properties, said: “These figures once again underscore the strength of Dubai’s real estate market and its steady growth over the past few years.
This underlines Dubai’s status as a safe destination for real estate investment, strengthening investor confidence and continuing to attract interest from local, regional and international markets.
Dubai property sales in January have soared by 822% in value over the past five years.
- January 2020: AED4.8bn/$1.3bn from 2,700 transactions
- January 2021: AED6.6bn/$1.8bn from 3,300 transactions
- January 2022: AED16.3bn/$4.4bn from 5,700 transactions
- January 2023: AED27.8bn/$7.6bn from 9,700 transactions
- January 2024: AED35.8bn/$9.7bn from 11,600 transactions
The most expensive property sold in January was a luxury villa at Dubai Hills Estate, which sold for AED 140 million ($38.1 million). The most expensive apartment sold in the month was Omniyat’s Ava at Palm Jumeirah, which sold for AED 57 million ($15.5 million).
Overall, first-time sales by developers were significantly higher than resales, by volume 65% vs. 35%, and by total value 60% vs. 40%.
Properties valued over AED 5 million ($1.4 million) accounted for 9% of total sales, 31% fell in the AED 1-2 million ($272,000-$545,000) range, 27% were below AED 1 million ($272,000), 20% ranged between AED 2-3 million ($545,000-$817,000), and 14% were between AED 3-5 million ($817,000-$1.4 million).
