Dubai Real Estate Market Report - January 2025

In January 2025, Dubai's real estate market experienced a slight decline, with property prices decreasing by 0.57%. This marks the first downturn since mid-2022, suggesting a potential stabilization in the market.

Key Highlights:

  • Sales Volume: 14,413 transactions, the highest-ever for January, though a 4.6% decrease from December 2024.

  • Average Price per Sq. Ft.: AED 1,484 ($404).

  • Off-Plan Market: 53 project launches from 37 developers, introducing 12,400 new units.

  • Mortgage Transactions: Increased by 6.8% month-on-month, with 4,134 loans secured.

Zhann Jochinke, COO at Property Monitor, commented:

"After four years of continuous growth, Dubai’s real estate market is starting to show signs of stabilization. While transaction volumes remain strong, affordability constraints and market maturity are beginning to shape the landscape."

 


Median Property Prices:

  • Apartments: AED 1.35 million

  • Townhouses: AED 2.61 million

  • Villas: AED 6.92 million

Transaction Breakdown:

  • Off-Plan Transactions: 52% of total sales (7,555 deals), a 17.7% decline from December 2024.

  • Title Deed Sales: Increased by 15.7% month-on-month, comprising 47.6% of transactions.

Leading Developers in Off-Plan Market:

  • Emaar Properties: 16.5% share

  • DAMAC Properties: 15.8% share

  • Danube Properties: 5.3% share

Notable Sales:

  • Highest Sale: Villa in Emirates Hills for AED 425 million.

  • Lowest Sale: Studio apartment in Dubai Production City for AED 175,000.

Market Performance:

In 2024, Dubai's real estate sector witnessed a 30% year-on-year growth in prices, launches, transactions, and mortgages, indicating a robust market leading up to the recent stabilization.

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