DUBAI PROPERTY PRICES CONTINUE TO RISE
From January to October, nearly 180,000 residential properties were sold across Dubai. Compared to the same period last year, total sales increased by more than 7%. It is estimated that around 220,000 units will be sold by the end of the year. In a city where thousands of properties are sold every day, billions of dollars in investments are being made. Among the leading investors are Turkish, Indian, Chinese, and U.S. nationals. The strong demand continues to push property prices upward, maintaining the city’s growth trend. In the first ten months, the total transaction value reached approximately USD 153 billion. With an average of around 20,000 monthly property sales, Dubai generates nearly USD 17 billion in monthly transaction volume. The seasonal sales period, which begins in October and continues until April, often records even higher figures and volume.
Apartments remain the most sold property type, accounting for nearly 80% of all transactions. While apartment sales increased by about 4% compared to last year, villa-type properties have also gained significant momentum. Sales of villas rose by nearly 24% compared to the first ten months of 2024. A similar trend is observed in commercial properties, where sales have surged by around 62%, reaching the highest levels in Dubai’s history. In terms of price growth, residential property values increased by 6.7% year-on-year. Average prices per square meter have reached 1,700 dirhams. A closer look at preferred property types shows that newly built units—those recently completed, under construction, or nearing delivery—are in highest demand. More than 60% of new property purchases fall within this category, while second-hand properties are less frequently chosen. Among the city’s most in-demand areas are Business Bay, Dubai Investment Park, and Jumeirah Village Circle. These districts stand out both in terms of transaction volume and high-end property purchases.
When reviewing the top-selling projects and developers on a monthly basis, DAMAC Riverside, Grand Polo–Chevalia Estate, Azizi Riviera, and Rukan emerge as key players. These developers lead sales in the very areas where demand and transaction volume are the highest. Taken together, these trends clearly show that Dubai’s property market continues its strong upward trajectory. Property prices have risen rapidly during the 2024–2025 period compared to previous years. At Parcel Estates, we observe that this upward trend remains firmly in place, and we invite all investors to take advantage of the growing opportunities in Dubai’s real estate market.
Esra Bölükbaşı
