Dubai property market sees February sales hit US $13.9bln
Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling US $13.9bn, a 39.91% increase in value on the same month last year, according to a market update by fäm Properties. The report reveals that last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record.
Data from DXBinteract shows that villa sales totalling $5.1bn climbed by 99.7% to 3,679 compared with February last year, while plot sales worth $2.6bn also soared in volume by 74.7% to 608. Apartment sales worth $5.8bn climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to $327mn represented a 40.1% increase in volume over February 2024. The average price per sqft was up by 3.4% to $423, the report said.
'The data once again highlights 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 investment, further boosting investor trust and attracting attention from local, regional, and global markets.'
Dubai property sales for the month of February have now risen by 449% in value over the last five years – from $2.53bn (4,100 transactions) in 2020, $1.99bn (3,700) in 2021, $4.19bn (6,200) in 2022, $7.38bn (9,400) in 2023, and $9.94bn (11,900) last year.
The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched $38.1mn. The most expensive apartment sold during the month went for $31.5mn at The Rings – 1 at Jumeirah Second.
Overall, first sales from developers were significantly greater than those of resales – 66% over 34% in terms of volume, and 62% against 38% in overall value. With properties worth more than $1.36mn accounting for 9% of total sales, 31% came in the $272,200 – 544,400 range, 25% below $272,200, 19% between $544,400 – 816,600 and 15% between $816,600 – 1.36mn.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
26 minutes ago
- Al Etihad
Asian markets extend gains as China-US talks head into second day
10 June 2025 08:33 Hong Kong (AFP) Asian stocks squeezed out more gains Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump's top advisers saying he expected "a big, strong handshake".There is optimism the negotiations -- which come after the US president spoke to Chinese counterpart Xi Jinping last week -- will bring some much-needed calm to markets and ease tensions between the economic advances in Asian equities built on Monday's rally and followed a broadly positive day on Wall Street, where the S&P 500 edged closer to the record high touched earlier in the week's meeting in London will look to smooth key issues on the agenda at the talks are expected to be exports of rare earth minerals used in a wide range of things including smartphones and electric vehicle batteries."In Geneva, we had agreed to lower tariffs on them, and they had agreed to release the magnets and rare earths that we need throughout the economy," Trump's top economic adviser, Kevin Hassett, told CNBC on even though Beijing was releasing some supplies, "it was going a lot slower than some companies believed was optimal", he he said he expected "a big, strong handshake" at the end of the talks."Our expectation is that after the handshake, any export controls from the US will be eased, and the rare earths will be released in volume," Hassett also said the Trump administration might be willing to ease some recent curbs on tech president told reporters at the White House: "We are doing well with China. China's not easy."I'm only getting good reports."Tokyo led gains in Asian markets, with Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington and Jakarta also well up."The bulls will layer into risk on any rhetoric that publicly keeps the two sides at the table," said Pepperstone's Chris Weston."And with the meeting spilling over to a second day, the idea of some sort of loose agreement is enough to underpin the grind higher in US equity and risk exposures more broadly."Investors are also awaiting key US inflation data this week, which could impact the Federal Reserve's monetary policy amid warnings Trump's tariffs will refuel inflation strengthening the argument to keep interest rates on it also faces pressure from the president to cut rates, with bank officials due to make a decision at their meeting next week. While recent jobs data has eased concerns about the US economy, analysts remain cautious. Stock Markets Continue full coverage
ME Construction
an hour ago
- ME Construction
Prospect & Mulk Properties launch ‘The LX' in Arjan, Dubai
Property Prospect & Mulk Properties launch 'The LX' in Arjan, Dubai By The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces Prospect and Mulk Properties have launched 'The LX', a US $94.5mn boutique office and retail development in Arjan, Dubai. The project was unveiled at a launch event held at the Waldorf Astoria, Palm Jumeirah and aims to meet the growing demand for premium commercial spaces in the city. One Broker Group (OBG) will be the exclusive sales partner for The LX, the statement confirmed. The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces. The offering is said to represent a rare opportunity for modern businesses and discerning investors to own commercial assets in a location experiencing 'unprecedented growth'. With Dubai witnessing an all-time high demand for flexible, high-specification office spaces, The LX is poised to fill a significant gap in Dubai's commercial real estate sector. Mulk Properties brings international development expertise and long-term vision to the partnership. Dubai's commercial market is undergoing a significant shift, moving away from generic office towers towards purpose built, design-led spaces that prioritise community integration, functionality, and long-term investment value. This launch coincides with this transformative trend, the statement explained. 'The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight,' said Nawab Shaji Ul Mulk, Chairman of Mulk International. 'Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like.' 'The LX isn't just another commercial development it's a targeted solution to an urgent market demand,' added Rajat Verma, Co-founder of Prospect. 'Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas.' 'What sets The LX apart is not just its design or pricing – it's how perfectly it aligns with the market's future,' remarked Umar Bin Farooq, Founder & CEO of One Broker Group. 'We're witnessing a major shift in how commercial real estate is being utilised in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We're proud to represent a development that understands what the market truly needs.' With direct access to major highways, Al Barsha South, Jumeirah Village Circle, and Dubai Science Park, Arjan is one of the few remaining zones offering centrality without congestion. With thousands of new residential units being delivered, the demand for adjacent commercial infrastructure is rising sharply. The LX directly supports this growth by offering a professionally designed, investor-grade asset that balances prestige with practicality. The project exemplifies how visionary partnerships between developers and expert sales strategists can reshape Dubai's commercial real estate future. The LX, drawing strong interest from investors, SMEs, and entrepreneurs seeking a growth-focused location with ROI potential, is led by One Broker Group, which holds the exclusive sales mandate, the statement concluded.
Zawya
2 hours ago
- Zawya
US dollar weakness makes EM local debt great again: IFR
Local currency emerging market bonds are delivering huge gains this year thanks to a weakening US dollar and improving fundamentals in developing countries. By the close of June 3, EM local debt had delivered a total return of 9.69% year to date, according to the JP Morgan EM local GBI Index – far surpassing any high-yielding fixed-income asset class, including EM hard currency debt. That compares to a significant underperformance of EM local debt between 2010 and 2024 when average annualised returns were just 1%, according to Neuberger Berman. 'It's an interesting situation,' said Vera Kartseva, portfolio manager and strategist at Neuberger Berman. 'Usually, local currency bonds are seen as the riskiest asset class correlating with equities. But right now, we see an inverse correlation because of the change in the dynamic of the dollar.' In the past three years, the US dollar has appreciated, making it a difficult environment for EM local debt and causing outflows in the asset class. 'But now, we have an overvaluation of the dollar with a catalyst for weakness, emanating from US policy, making it a favourable environment for local EM bonds,' said Kartseva. Performance of EM local debt is often driven by the US dollar, explaining up to 70% of the performance of the asset class, according to Kartseva. 'The overall dollar weakness plays a big role in global portfolios,' she said, adding that Neuberger Berman is 'preferring local to hard EM debt' in its portfolios. Other EM asset managers are also adding to their local debt positions. 'We've been adding to our exposure to EM currencies since the uncertainty on trade and the U-turns from the White House,' said Alexis de Mones, portfolio manager at Ashmore. 'There is a radical change in funding conditions for EM sovereigns and an increasing interest for local currency products.' Strong fundamentals It is not just a weaker US dollar but strong fundamentals in emerging and frontier markets such as lower oil prices, which will help boost growth in these economies. 'While the weaker dollar is certainly helping, we're seeing contributions from bond price appreciation in many countries, as the market begins to factor in lower oil prices and the implications of stronger EMFX on central banks' reaction functions,' said Joseph Cuthbertson, EM sovereign research analyst at PineBridge Investments. Frontier markets are also benefiting from increased demand. The likes of Argentina, Egypt and Nigeria have attracted 'significant inflows' in 2025, according to Raoul Luttik, senior portfolio manager at Neuberger Berman. 'The opportunity set in EM frontier local has increased as fundamentals across several countries have improved, and we're seeing credible reform efforts in Nigeria, as well as disinflation and attractive currency valuations and carry in Egypt,' said Cuthbertson. Meanwhile, Argentina has pushed through deregulation laws and reduced its fiscal deficit. As well as the Egyptian pound and Nigerian naira, PineBridge is keen on the Uzbek som and South African rand 'where we think any upcoming changes to lower the inflation target would be positive for the currency", said Cuthbertson. Uzbekistan particularly stands out 'given reform momentum and improving credit fundamentals', he said. Less correlated Frontier markets are not typically included in benchmarks or ETFs, meaning they are less correlated to global macroeconomic volatility but rather respond to each country's own macroeconomic changes. 'In the frontier space, we look for a combination of a credible path for fiscal and monetary policies, combined with an undervalued exchange rate and attractive carry,' said Cuthbertson. 'We pay close attention to the amount of offshore positioning in each domestic market, looking for underowned markets and opportunities.' The taper tantrum of 2013 – when Treasury yields surged after the Federal Reserve announced it would start to taper quantitative easing – was the last time there was a direct correlation between FX and interest rate volatility in EM, according to de Mones. 'Since then, any selloff in global core bonds, including Treasuries, has not led to a more-than-proportional selloff in EM bonds,' he said. 'Many EM countries have been doing well from a fundamental point of view since the taper tantrum years,' said Luttik, referring to the reduction in external imbalances and tighter monetary policies to bring inflation back to target. 'Attractive valuations and low foreign participation add to the favourable outlook for local bonds,' he said. Can the outperformance of local EM bonds continue? 'It's early days,' said Kartseva. 'Flow-wise we still have year-to-date outflows in the asset class. But we have started seeing inflows in the past couple of weeks [and] this trend has all the ingredients to continue.' The fact the local GBI EM index has become more skewed towards Asia in recent years following the inclusion of India and China, and as the weight of more volatile countries like Brazil, South Africa and Turkey has shrunk, makes the index's 'risk/return profile more stable', said Luttik.
