The Dubai real estate market continued along its upward path in July, producing the highest number of property transactions this year, and the second-best monthly sales performance on record in terms of value and volume.

A market update issued by fäm Properties reveals that last month brought a total of 20,304 property sales – a 24.9 per cent year-on-year increase – worth a total of Dh65 billion, a 29.5 per cent leap in value on the same month last year.

Apartment sales showed a 28.1 per cent year on year growth to 16,272 deals valued at Dh32.2 billion, while the biggest sector leap saw commercial property transactions rise by 57.8 per cent to 606 worth Dh1.5 billion.

Villa sales of Dh19.3 billion were up by 6.4 per cent in volume to 2,988 compared with the same month last year, while plot sales rose by 22.3 per cent to 438 transactions worth Dh12 billion. The average price per sq. ft was up by 9.5 per cent to Dh1,649 compared with July last year.

Data from DXBinteract shows Dubai property sales in July have now soared over the last five years – from Dh4.5 billion (2,300 transactions) in 2020 to Dh11.2 billion (4,400) in 2021, Dh21.3 billion (7,200) in 2022, Dh37.8 billion (11,200) in 2023 and Dh50.2 billion (16,300) in 2024.

Firas Al Msaddi, said: “The level of activity last month once gain underlines the strength and maturity of Dubai’s real estate sector. Dubai has shown it can sustain growth through different cycles, supported by clear regulation, strong investor sentiment, and a steady pipeline of new opportunities. July’s figures are another clear signal that confidence in the market remains high, both locally and internationally.”

The most expensive apartment sold during the month went for Dh174 million at Aman Residences Dubai, Tower 1 at Jumeirah Second.

The top performing area in terms of overall value was Wadi Al Safa 3 with 1,210 property sales worth 6.011 billion. The top performing area in terms of volume was Al Barsha South which produced 1,846 transactions valued at Dh2.047 billion.

With properties worth more than Dh5 million accounting for 13 per cent of total sales, 37 per cent came in the Dh1-2 million range, 25 per cent below Dh1 million, 14 per cent between Dh2-3 million and 11 per cent between Dh3-5 million.

Overall, first sales from developers were significantly greater than those of resales – 71 per cent over 29 per cent in terms of volume, and 65 per cent against 35 per cent in overall value.

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Source: Khaleej Times 

06th August 2025