Dubai property market records 40% YoY increase in sales in February
Dubai’s real estate sector maintained its strong momentum in February, with the total value of property sales reaching AED51.1 billion ($13.8 billion), a 40% increase from the same period last year, according to data from fäm Properties. Transaction volumes also surged, rising 35.5% year-on-year (YoY) to 16,099 deals, marking one of the most active months on record.
The latest figures, sourced from DXBinteract, highlight the continued growth of the emirate’s property market, bolstered by strong demand for villas, apartments and high-end residences.
Villa sales nearly doubled, rising 99.7% YoY to 3,679 transactions, with a combined value of AED18.8 billion. Land sales also saw a significant uptick, increasing 74.7% in volume to 608 transactions, with a total value of AED9.6 billion.
Meanwhile, apartment transactions surged 21.3% YoY, with 11,364 units sold for a total of AED21.4 billion. Commercial property sales followed a similar trend, rising 40.1% to 447 deals, collectively worth AED1.2 billion.
The February results follow the sector’s record-breaking performance in 2024, with the city recording 2.78 million real estate transactions and rental agreements, up 17% YoY.
Real estate transactions alone totalled 226,000, with a combined value of AED 761 billion, reflecting a 36% growth in volume and a 20 percent increase in value YoY.
Long-term growth and luxury sales surge
Over the past five years, monthly sales for February have surged by 449% in value, climbing from AED 9.3 billion (4,100 transactions) in 2020 to AED 36.5 billion (11,900 transactions) in 2024, according to Dubai Land Department (DLD) data.
High-end property sales made headlines last month, with a luxury villa in Hadaeq Sheikh Mohammed Bin Rashid selling for AED 140 million, marking the most expensive single transaction of 2025 to date. Meanwhile, a penthouse in The Rings – 1 development in Jumeirah Second secured its asking price of AED 116 million.
Off-plan sales dominate
Off-plan properties accounted for 66% of total transactions by volume and 62% by value in February, reinforcing the strong demand for new developments across the city.
While the overall market continues to expand, price growth has been more measured. The average price per square foot rose by 3.4% YoY to AED 1,551, reflecting a stabilisation in property valuations amid rising supply.
Dubai’s sustained real estate boom has been fuelled by a combination of factors, including an influx of high-net-worth individuals, investor-friendly policies and continued infrastructure development. As the emirate consolidates its reputation as a global business and lifestyle hub, analysts expect demand for premium real estate to remain strong in the coming months.
"[February’s results] once again highlight the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years," said Firas Al Msaddi, CEO of fäm Properties. "This reinforces Dubai's position as a safe and reliable hub for real estate [investors], further boosting investor trust and attracting attention from local, regional, and global markets."
