Dubai’s real estate market has delivered a staggering performance in the first quarter of 2025, setting a new benchmark for growth. The numbers speak volumes: a record AED142.7 billion ($38.85 billion) in total sales, marking a remarkable 30.3 percent year-on-year increase. This figure solidifies Q1 2025 as the second-highest quarterly performance ever recorded in Dubai’s real estate history.

The sheer volume of transactions is equally impressive. The city saw 45,485 sales transactions, a significant 22.8 percent surge compared to Q1 2024. This surge indicates a robust and active market, attracting a wide range of investors and buyers.

Property values have also witnessed a consistent and substantial climb. The median price per square foot reached AED1,563 in Q1 2025, a dramatic increase from:

• AED889 in 2021
• AED1,124 in 2022
• AED1,283 in 2023
• AED1,497 in 2024

This consistent upward trajectory showcases the market’s sustained growth and increasing demand.

Looking at the five-year trend, the total sales figures have seen an exponential rise:

• AED21 billion in 2020
• AED24.6 billion in 2021
• AED54.6 billion in 2022
• AED89 billion in 2023
• AED109.5 billion in 2024
• AED142.7 billion in 2025

Similarly, the number of transactions has surged:

• 9,800 in 2020
• 11,600 in 2021
• 20,200 in 2022
• 31,100 in 2023
• 37,000 in 2024
• 45,485 in 2025.

The top five performing areas further highlight the market’s strength:

• Jumeirah Village Circle: 3,605 transactions worth AED4.559 billion
• Wadi Al Safa: 3,596 transactions worth AED7.642 billion
• Business Bay: 2,782 transactions worth AED7.265 billion
• Dubai South: 2,676 Transactions worth AED8.745 billion
• Dubai Marina: 2,583 transactions worth AED9.284 billion

These figures clearly demonstrate the robust and dynamic nature of Dubai’s real estate market, reinforcing its position as a global investment hotspot.