Dubai Real Estate: 73,000 Homes Set for Delivery in 2025 as Property Sales Hit $31 Billion

Tuesday, 10 June 2025

Dubai’s property market continues its upward trajectory in 2025, with over 42,000 property transactions totaling AED114.4 billion in Q1 alone. Despite a slight quarterly dip in sales, year-on-year growth remains strong, and 73,000 new homes are expected to be completed by year-end, pushing the total supply to 300,000 by 2028. Market confidence is further bolstered by robust off-plan sales, luxury demand, and high rental yields.

Key Highlights:

• Q1 2025 Property Sales: 42,000 transactions worth AED114.4B, up 23% YoY, though down 10% from Q4 2024
• Off-Plan Dominance: Accounted for 70% of sales at AED77.5B across 29,000 transactions, up 32% YoY
• Average Prices: AED1,535 per sq. ft. — up 2.8% QoQ and 16% YoY
• Rental Yields: Averaged 7.3% for apartments and 5% for villas/townhouses
• Top Areas by Apartment Yields:
  • Dubai Investments Park – 10.3%
  • International City – 9.1%
  • Downtown Jebel Ali – 9%
• Luxury Segment Growth: 590 sales above AED20M, with nearly 60 sales exceeding AED50M
• Key Completions in Q1 2025:
  • Jumeirah Village Circle – 4,330 units
  • MBR City – 1,037 units
  • Business Bay – 743 units
• Top Areas for Off-Plan Villas/Townhouses:
  • DAMAC Islands – 1,430 transactions
  • The Valley, DAMAC Hills 2, Villanova
• Secondary Market Leaders: DAMAC Hills 2, Al Furjan, Emirates Living, Reem, JVC
• Future Supply Forecast:
  • JVC – 27,100 units by 2028
  • Business Bay – 19,470 units
  • Azizi Venice – 17,100 units