Latest news with #AED32.2
Mid East Info
6 days ago
- Business
- Mid East Info
Dubai real estate sales on the rise again as July delivers growth in value, volume - Middle East Business News and Information
20,304 transactions worth AED65 billion makes it second-best monthly performance on record Dubai, UAE, 4th August, 2025: 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 today by fäm Properties reveals that last month brought a total of 20,304 property sales – a 24.9% YoY increase – worth a total of AED65 billion, a 29.5% leap in value on the same month last year. Apartment sales showed a 28.1% YoY growth to 16,272 deals valued at AED32.2 billion, while the biggest sector leap saw commercial property transactions rise by 57.8% to 606 worth AED1.5 billion. Villa sales of AED19.3 billion were up by 6.4% in volume to 2,988 compared with the same month last year, while plot sales rose by 22.3% to 438 transactions worth AED12 billion. The average price per sq. ft was up by 9.5% to AED 1,649 compared with July last year. Data from DXBinteract shows Dubai property sales in July have bow soared over the last five years – from AED4.5 billion (2,300 transactions) in 2020 to AED11.2 billion (4,400) in 2021, AED21.3 billion (7,200) in 2022, AED37.8 billion (11,200) in 2023 and AED50.2 billion (16,300) in 2024. Firas Al Msaddi, CEO of fäm Properties, 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 AED 174 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 AED2.047 billion. With properties worth more than AED5 million accounting for 13% of total sales, 37% came in the AED1-2 million range, 25% below AED1 million, 14% between AED2-3 million and 11% between AED3-5 million. Overall, first sales from developers were significantly greater than those of resales – 71% over 29% in terms of volume, and 65% against 35% in overall value. TOP TEN PERFORMING AREAS – OVERALL VALUE Volume Value in AED Wadi Al Safa 3 1,210 6.011 billion Business Bay 1,428 3.663 billion Ras Al Khor 41 2.900 billion Dubai Investment Park 2nd 1,013 2.777 billion Dubai Marina 637 2.604 billion Bukadra 785 2.152 billion Al Barsha South Fourth 1,846 2.047 billion Hadaeq Sheikh Moh' 496 1.983 billion Palm Jumeirah 127 1.826 billion Al Wasl 150 1.816 billion TOP TEN PERFORMING AREAS – OVERALL VOLUME Volume Value in AED Al Barsha South Fourth 1,846 2.047 billion Business Bay 1,428 3.663 billion Wadi Al Safa 3 1,210 6.011 billion Dubai Investment Park Second 1,013 2.777 billion Bukadra 785 2.152 billion Wadi Al Safa 5 770 1.283 billion Madinat Al Mataar 724 1.464 billion Al Hebiah First 656 897.9 million Dubai Marina 637 2.604 billion Me'Aisem First 597 876.9 million Ends
Hi Dubai
02-07-2025
- Business
- Hi Dubai
Dubai Real Estate Sets New Half Year Record as Sales Climb to AED326.7 Billion
The Dubai real estate market has continued on its record-breaking path, with the first half of 2025 reaching new highs of 98,603 property sales worth AED 326.7 billion. A market update issued today by fäm Properties reveals that the H1 sales value rose 40% year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED 184 billion in Q2. The Q2 sales value was 25% higher than the previous peak of AED 147.2 billion set in Q4 2024, while transaction volume rose 5.39% above the earlier high of 50,400 deals recorded in Q3 last year. Data from DXBinteract shows Q2 increases in all real estate sectors, led by plot sales worth AED32.2 billion from 1,384 transactions, a 49% leap in volume on Q2 last year and a 27.1% rise on Q1 2025. A total of 10,019 villa sales worth AED 66.5 billion was 38.3% up in volume on the same period last year, while apartment sales worth AED81.6 billion climbed 18.7% in volume over Q2 last year and 22.7% on the previous quarter. Commercial sales worth AED3.6 billion also rose 12.5% in volume to 1,252 transactions compared with the same period in 2024. Rising property values in recent years were highlighted by a median price of AED 1,607 per sq ft, compared with the Q2 rates of AED 958 in 2021, AED 1,151 in 2022, AED 1,339 in 2023 and AED 1,514 last year. "These numbers once again highlight the consistent strength and resilience of Dubai's real estate market," said Firas Al Msaddi, CEO of fäm Properties. "Dubai's steady growth over the years is reinforcing its place as a top choice for property investment, attracting more global interest while local and regional demand remains solid." Dubai's Q2 property sales over the last five years have now risen to the current level from AED 10.8 billion (5,400 transactions) in 2020 to AED 36.6 billion (15,400) in 2021, AED 58.2 billion (22,100) in 2022, AED 90.5 billion (31,100) in 2023 and AED 123.9 billion (43,400) last year. TOP FIVE PERFORMING AREAS IN TERMS OF VOLUME IN Q2 2025 Transactions Total value Jumeirah Village Circle 4,930 AED6.47 billion Business Bay 3,143 AED10.05 billion Al Yelayiss 1 2,867 AED9.08 billion Wadi Al Safa 2,483 AED4.83 billion Dubai South 2,248 AED5.21 billion The top performing area in terms of overall value was Me'Aisem Second, with total sales amounting to AED14.94 billion for 844 transactions. The most expensive individual property sold in Q2 was a luxury villa on Palm Jumeirah which fetched AED 365 million. The most expensive apartment sold during the quarter went for AED 170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32% of sales (16,967), 26% (13,687) were below AED1 million, 17% (9,163) between AED2-3 million, 13% (6,804) between AED3-5 million, and 12% (6,496) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market - 66% over 34% both in terms of volume and value. BEST-SELLING PROJECTS IN Q2, 2025 1st Sale apartments 1st Sale villas ReSale apartments ReSale villas News Source: Total Communications
Mid East Info
02-07-2025
- Business
- Mid East Info
Dubai real estate sets new half year record as sales climb to AED326.7 billion - Middle East Business News and Information
Q2 delivers best ever quarterly figures as market underlines its strength Dubai, UAE, 2nd July, 2025: The Dubai real estate market has continued on its record-breaking path, with the first half of 2025 reaching new highs of 98,603 property sales worth AED 326.7 billion. A market update issued today by fäm Properties reveals that the H1 sales value rose 40% year-on-year, driven by the strongest-ever quarterly performance of 53,118 transactions worth AED 184 billion in Q2. The Q2 sales value was 25% higher than the previous peak of AED 147.2 billion set in Q4 2024, while transaction volume rose 5.39% above the earlier high of 50,400 deals recorded in Q3 last year. Data from DXBinteract shows Q2 increases in all real estate sectors, led by plot sales worth AED32.2 billion from 1,384 transactions, a 49% leap in volume on Q2 last year and a 27.1% rise on Q1 2025. A total of 10,019 villa sales worth AED 66.5 billion was 38.3% up in volume on the same period last year, while apartment sales worth AED81.6 billion climbed 18.7% in volume over Q2 last year and 22.7% on the previous quarter. Commercial sales worth AED3.6 billion also rose 12.5% in volume to 1,252 transactions compared with the same period in 2024. Rising property values in recent years were highlighted by a median price of AED 1,607 per sq ft, compared with the Q2 rates of AED 958 in 2021, AED 1,151 in 2022, AED 1,339 in 2023 and AED 1,514 last year. 'These numbers once again highlight the consistent strength and resilience of Dubai's real estate market,' said Firas Al Msaddi, CEO of fäm Properties. 'Dubai's steady growth over the years is reinforcing its place as a top choice for property investment, attracting more global interest while local and regional demand remains solid.' Dubai's Q2 property sales over the last five years have now risen to the current level from AED 10.8 billion (5,400 transactions) in 2020 to AED 36.6 billion (15,400) in 2021, AED 58.2 billion (22,100) in 2022, AED 90.5 billion (31,100) in 2023 and AED 123.9 billion (43,400) last year. TOP FIVE PERFORMING AREAS IN TERMS OF VOLUME IN Q2 2025 Transactions Total value Jumeirah Village Circle 4,930 AED6.47 billion Business Bay 3,143 AED10.05 billion Al Yelayiss 1 2,867 AED9.08 billion Wadi Al Safa 2,483 AED4.83 billion Dubai South 2,248 AED5.21 billion The top performing area in terms of overall value was Me'Aisem Second, with total sales amounting to AED14.94 billion for 844 transactions. The most expensive individual property sold in Q2 was a luxury villa on Palm Jumeirah which fetched AED 365 million. The most expensive apartment sold during the quarter went for AED 170 million at Peninsula Dubai Residences, Tower 1. With properties worth AED1-2 million accounting for 32% of sales (16,967), 26% (13,687) were below AED1 million, 17% (9,163) between AED2-3 million, 13% (6,804) between AED3-5 million, and 12% (6,496) more than AED5 million. Overall, first sales from developers significantly outnumbered re-sales in the secondary market – 66% over 34% both in terms of volume and value. BEST-SELLING PROJECTS IN Q2, 2025 1st Sale apartments Volume Value Median Price Binghatti Elite 712 410.7M 500K Sobha Solis 712 881.1M 1.1M Sobha Orbis 570 710.3M 1.2M Binghatti Skyrise 499 728.8M 1.2M Timez By Danube 450 499.8M 1.1M 1st Sale villas Al Yelayiss 1 2,227 7.2B 2.5M DIP Second 866 6.5B 7.2M Me'Aisem Second 832 14.8B 15.3M Madinat Hind 4 555 1.1B 2M Al Yufrah 1 486 2.5B 5M ReSale apartments Azizi Riviera (All) 317 267.5M 685K Peninsula 172 331.1M 1.7M M'terranean Cluster 127 80M 680K Canal Front Res 123 537.1M 4.4M Golf Promenade 121 122.9M 830.3K ReSale villas Al Yelayiss 1 600 1.7B 2.5M Wadi Al Safa 5 369 1.5B 3.3M Al Hebiah Fifth 333 1.2B 2.6M Wadi Al Safa 7 188 724.3M 3.2M Al Yufrah 1 184 637.8M 3M Ends
