Dubai’s property market maintained strong momentum in April, with prices rising 1.97% to an average of AED 1,565 per sq ft nearly 27% above the 2014 peak and 28% higher than the 2009 high. This marks 50 consecutive months of growth and a 15.86% year-on-year increase.
April recorded a historic 18,010 property sales transactions an 18.3% increase from March and a 55.1% surge compared to the same month last year. Residential properties made up the majority of activity, comprising 94.3% of all transactions. Cumulatively, year-to-date sales have exceeded 63,000, reflecting a 30% rise over the corresponding period in 2024.
Off-plan activity remained robust in April, with 10,277 transactions recorded despite a slight decline in market share to 57.1%. When accounting for classification off-plan and under-construction sales collectively represent 70.5% of the market. Emaar, Binghatti, and DAMAC were the most prominent developers, while over 10,500 new units were introduced, carrying an estimated total value of AED 32.8 billion.
Mortgage activity surged 30.3% with 4,473 loans issued. Bulk mortgages made up 19.8%, with key projects in JVC, Trade Center, and International City seeing high volumes. Resale activity accounted for 39.2% of sales. JVC led both initial and resale transactions, followed by Dubai Production City, DAMAC Islands, Business Bay, and Dubai Marina.
The luxury segment grew sharply, with properties over AED 10M reaching a 5.9% market share. Meanwhile, sub-AED 1M homes gained traction, now representing 27.2% of the market.
With record transactions and sustained demand across all segments, Dubai’s real estate market is on track for another standout year in 2025.
