Dubai real estate sets new annual record as 2025 sales hit AED624.1 billion

Dubai’s real estate market extended its record run in 2025, with November pushing both sales volumes and values beyond last year’s full-year peaks, according to new data from fäm Properties.

The firm’s latest market report shows that last month generated 19,019 transactions, a 30.9 per cent year-on-year rise, taking total deals for the year to 197,263. This surpasses the previous annual high of 180,900 set in 2024, with one month still to go.

Sales value has also continued to climb. After 2024’s record AED522.1 billion was overtaken in October, a further AED64.7 billion worth of transactions in November lifted the 2025 total to AED624.1 billion, up 49.6 per cent year on year.

Dubai real estate transactions set fresh records

Data from DXBinteract shows that apartment sales remained the main growth driver, with 15,905 units sold last month for AED32.1 billion, a 37.4 per cent jump in volume. Villa sales totalled AED13.2 billion, although the number of units sold fell 6.6 per cent to 2,078.

Commercial transactions rose sharply, with AED2.3 billion worth of deals, up 79.7 per cent in volume, while plot sales reached AED17.1 billion, up 3.6 per cent. The average price per square foot increased 16.1 per cent to AED1,755.

Firas Al Msaddi, CEO of fäm Properties, said current performance reflects both the maturity of the market and rising international interest. “What we’re seeing here isn’t momentum, this is the market maturity meeting global demand,” he said. “When a market grows this aggressively and stays stable, it’s not speculation, it’s migration plus capital allocation.”

He added that sales values are rising faster than volumes, indicating upward pressure on prices and growing activity in higher value segments.

Off-plan sales continued to dominate in November, with first-time developer transactions accounting for 13,374 deals worth AED41.4 billion. Resales totalled 5,645 transactions with a value of AED23.3 billion.

The report shows that November’s real estate market performance has grown sharply over recent years, rising from AED7.4 billion worth of sales in 2020 to AED18 billion in 2021, AED31 billion in 2022, AED42.5 billion in 2023 and AED42.7 billion in 2024.

Top areas lead November sales

The top-performing areas by transaction volume in November were Jumeirah Village Circle with 1,426 deals worth AED1.9 billion, Wadi Al Safa 5 with 1,133 transactions worth AED1.8 billion, Business Bay with 1,055 deals worth AED3.6 billion, Dubai South with 903 deals worth AED2.1 billion and Mina Rashid with 899 sales worth AED3.1 billion.

The most expensive apartment sold last month was a unit at Jumeirah Residences Asora Bay for AED203 million. The highest value villa sale was an AED110 million property on Palm Jumeirah.

Properties priced between AED1 million and AED2 million accounted for the largest share of activity at 37.03 per cent. Transactions below AED1 million made up 24.85 per cent, while 16.66 per cent of sales were priced between AED2 million and AED3 million.

Homes valued between AED3 million and AED5 million represented 12.79 per cent of the market, with properties above AED5 million accounting for 8.67 per cent.