Dubai’s property market kept growing in July, but at a slower pace than the month before. Prices went up by 0.99%, compared to 1.71% in June. The average price is now AED 1,625 per square foot, much higher than the last market peak in 2014 and almost double the low seen in 2020.
Property sales stayed strong. A total of 20,116 deals were made in July, 21% more than in June. Most of these were homes such as apartments, villas, and townhouses. So far this year, more than 119,000 properties have been sold, about 23% higher than the same period in 2024.
Off-plan properties bought before construction led the way, with over 12,500 sales in July, up 28% from June. Resale activity slowed, falling by 5%. At the same time, nearly 93,000 new units have been launched this year, worth about AED 270 billion.
The mortgage market also hit a new record. Nearly 4,900 loans were issued in July, up 9% from the previous month. Most loans were for new purchases, with an average loan size of AED 1.8 million. Refinancing activity grew, while large bulk mortgages for developers and big investors declined.
Among developers, DAMAC recorded the most off-plan sales, followed closely by Sobha and Binghatti. Jumeirah Village Circle was the most active community for both new and resale sales, with Business Bay and Dubai Marina also seeing high demand.
Homes priced between AED 1 million and 3 million made up more than half of all sales. The AED 1.5–2 million range grew the fastest, while luxury homes above AED 3 million lost some share. Affordable properties under AED 1 million continued to attract steady demand.
The combination of investor confidence, diversified developer activity, and resilient demand across mid-tier and affordable segments continues to underpin Dubai’s real estate momentum in 2025.
