In April, 15,213 sales transactions of AED46.18 billion were recorded in the Dubai real estate market, representing a 23.1% rise over March data.
As a result of the ongoing price growth in the emirate’s real estate market, the average price per square foot increased by 2.05% to AED 1,730.
A comeback in ready property purchases was indicated by secondary market sales, which grew their market share to 41% from 38% in March, while off-plan properties made up 59% of total deals.
Dubai Off-Plan Sales Take the Lead as Secondary Market Continues to Strengthen
With studios and one-bedroom apartments making up over two-thirds of all transactions, apartments dominated the market.
Sales of townhomes and villas continued to be strong, with buyers showing a special interest in homes with four or five bedrooms, indicating a continued need for roomy family housing.
Apartment sales were most active in Motor City, Dubai Marina, and Dubai Land, while villa sales were most active in Dubai Hills Estate, Al Furjan, and Jumeirah Golf Estates.
“April was another strong month for Dubai real estate. It’s encouraging to see interest coming from both investors and end-users. It’s not just about the big numbers; it’s about consistent demand across a wide range of communities and property types. Communities like Dubai Hills Estate and Motor City are seeing real traction, which tells us people aren’t just buying for investment. They’re buying to live, to grow, and to stay,” Christopher Cina, Director of Sales at Betterhomes said.
Rental Market Remains Stable Despite Decline in Transactions
In April, 29,423 transactions were recorded in the rental industry, which represents a 23% drop from March data.
Even though fewer rental agreements have been executed, Betterhomes reported a 1.2% increase in renter inquiries, indicating that demand is still high.
The most sought-after neighborhoods for tenants were Dubai Marina, Jumeirah Lake Towers (JLT), and Dubai Land, with average yearly flat rentals of AED140,000.
Families were particularly interested in Tilal Al Ghaf, Dubai Hills Estate, and Jumeirah Village Triangle, where villa rentals averaged AED 296,000 annually.
The average yearly rent for townhouses was AED226,800, maintaining stability. The 2.4% rent increase in Damac Hills 2 indicates that tenants are becoming more and more interested in the newest master-planned communities.
