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Arabian Business
2 days ago
- Business
- Arabian Business
Dubai off-plan apartment sales surge 43% in Q2 2025: Report
Dubai's off-plan residential real estate market posted strong gains in the second quarter of 2025, with apartment transactions rising sharply and investor demand remaining resilient. According to Betterhomes' Q2 2025 Residential Real Estate Market report, off-plan apartment transactions surged 43 per cent quarter-on-quarter, contributing to a total sales value of AED 60.15 billion, up 37 per cent from a year earlier. Dubai off-plan market soars in Q2 The off-plan segment accounted for the majority of Dubai's residential market activity, supported by new project launches and investor-friendly payment plans. Christopher Cina, Director of Sales at Betterhomes, said: 'The off-plan market continues to be one of Dubai's biggest growth stories. Buyers are showing greater discernment, focusing on quality, developer reputation, and long-term rental yield potential. We're seeing high absorption of newly launched projects, especially in well-connected, master-planned communities.' Apartments represented 80 per cent of total residential sales, with the average price for off-plan apartments rising to AED 2,023 per square foot, a 12.5 per cent increase since early 2023. Two-bedroom units accounted for 33 per cent of transaction value, followed by one-bedroom apartments at 30 per cent. Top-performing off-plan apartment communities included Jumeirah Village Circle with 12.2 per cent of all off-plan apartment transactions, Business Bay with 6.4 per cent , and Dubai Residence Complex, Motor City, and Production City, each at around 5 per cent. Off-plan villa activity moderated during the quarter, with townhouses capturing 75 per cent of off-plan villa and townhouse sales. The Valley accounted for nearly 30 per cent of all villa and townhouse off-plan transactions, followed by EMAAR South at 15.5 per cent and Athlon by Aldar at 8 per cent. Total off-plan villa and townhouse value stood at AED 8.06 billion. Average prices were AED 1,368 per square foot for townhouses and AED 1,947 for villas.
Khaleej Times
2 days ago
- Business
- Khaleej Times
Off-plan apartment transactions in Dubai surged 43% in second quarter
Second quarter off-plan apartment transactions in Dubai surged 43 per cent quarter-on-quarter, contributing significantly to a total sales value of Dh60.15 billion, a 37 per cent increase year-on-year, data showed on Tuesday. According to Betterhomes' Shaping Skylines, Dubai Residential Real Estate Q2 2025, the off-plan segment accounted for the majority of Dubai's residential market activity, underpinned by strategic launches from top-tier developers and investor-friendly payment plans. Among the top-performing communities for off-plan apartments in Q2 2025 were Jumeirah Village Circle (JVC), which led with 12.2 per cent of total off-plan transactions, followed by Business Bay at 6.4 per cent, Dubai Residence Complex at 5.3 per cent, while Motor City and Production City each contributed 5 per cent. Two-bedroom apartments were the highest contributors to off-plan transaction value making up 33 per cent, with one-bedroom apartments at 30 per cent and studios at 10 per cent. The average price per square foot for off-plan transactions stood at Dh2,023. 'The off-plan market continues to be one of Dubai's biggest growth stories. Buyers are showing greater discernment, focusing on quality, developer reputation, and long-term rental yield potential. We're seeing high absorption of newly launched projects, especially in well-connected, master-planned communities,' said Christopher Cina, Director of Sales at Betterhomes. Off-plan market trends and buyer preferences In the off-plan segment, The Valley accounted for the largest share of transactions at 29.7 per cent, followed by Emaar South with 15.5 per cent, Athlon by Aldar at 8 per cent, and MBR City at 7.3 per cent. The total off-plan transaction value for villas and townhouses stood at Dh7.94 billion, with townhouses driving 75 per cent of this value and villas contributing the remaining 25 per cent. This trend reflects a preference among buyers for townhouses in new developments, although the broader end-user market continues to favour ready-to-move-in properties for permanent residence. In terms of unit size, four-bedroom homes accounted for 49 per cent of the total off-plan transaction value, followed by three-bedroom units at 23 per cent and fivebedroom units at 12 per cent. The average price per square foot was Dh1,318 for townhouses and Dh1,947 for villas. Overall, Dubai's real estate market maintained its momentum in Q2, with transactions up 25 per cent year-on-year and total value rising 46 per cent. Apartments and off-plan led activity, while the luxury segment hit record highs. Even during June's regional unrest, the market remained resilient; reinforcing Dubai's position as a safe, stable destination for capital and lifestyle buyers alike. This strong quarterly performance builds on a robust first quarter, which recorded quarter-on-quarter growth of 33 per cent in value and 19 per cent in volume. The sustained momentum highlights growing investor confidence and the continued appeal of Dubai's property sector. Secondary market activity In the secondary apartment market, JVC again emerged as the top performer, accounting for 11.2 per cent of transactions, followed by Business Bay at 7.5 per cent, Dubai Marina at 5.8 per cent, with Mohammed Bin Rashid (MBR) City and Downtown Dubai each holding a 5 per cent share. Two-bedroom apartments were again the largest contributor to transaction value, representing 36 per cent, with one-bedroom apartments at 28 per cent and studios at 8 per cent. The average price per square foot for secondary apartments was Dh1,600. This data highlights the ongoing strength and demand across Dubai s apartment market, with JVC and Business Bay remaining key focal points for both off-plan and secondary transactions. The growth in transaction value, particularly for two-bedroom apartments, indicates strong investor confidence and a stable market outlook moving into the second half of 2025. 'As we move into Q3, the fundamentals remain strong. Population growth is steady, infrastructure continues to expand, and while more supply is coming online, demand is still outpacing it in most areas. We expect to see more negotiation, more realistic pricing, and a little more competition, which, frankly, is no bad thing,' Louis Harding, CEO of Betterhomes, said. 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust particularly for apartments and ready villas with healthy absorption of new launches. Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields,' Cina said.
Yahoo
4 days ago
- Business
- Yahoo
Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging
DUBAI, UAE, July 23, 2025 /PRNewswire/ -- Dubai's residential real estate market continues to defy global headwinds, delivering another record-breaking performance in the first half of 2025. According to the newly released Shaping Skylines Q2 2025 Dubai Residential Real Estate Market Report by Betterhomes, total residential sales reached AED 151.8 billion, a 46% year-on-year increase in value and a 25% rise in transaction volumes, with 50,485 units sold. The report highlights Dubai's continued ascent as one of the world's most dynamic real estate destinations, supported by a growing population seeking Dubai homes for sale, investor-friendly legislation, and a robust development pipeline. Momentum Continues Across Segments Compared to Q1, residential sales grew 33% in value and 19% in volume, underlining strong market momentum. The prime residential segment recorded a new benchmark with 1,417 luxury transactions in Q2, a 67% quarter-on-quarter jump and a 113% increase year-on-year which confirms a rising global appeal of luxury off-plan property for sale in Dubai among ultra-high-net-worth buyers. "Q3 is shaping up to be an exciting phase for Dubai's property market," said Christopher Cina, Director of Sales at Betterhomes. "With around 20,000 new units already delivered and another 70,000 expected by year-end, the city is well-positioned to meet rising demand from investors and end-users alike." Supply Expands, Prices Hold Strong Dubai saw over 20,000 new units delivered in H1 2025, with Jumeirah Village Circle (JVC) leading completions at 20%, followed by Sobha Hartland (11%) and Mohammed Bin Rashid City (8%). Looking ahead, over 200,000 new units are projected through 2027 reflecting developer confidence in Dubai's long-term growth. Despite the influx of supply, average property prices continue to rise, reaching AED 1,582 per square foot, a 6% increase from H2 2024 and up 3% from Q1 2025. Prices are now 18% higher year-on-year and 90% above the pandemic-era low of AED 833 per square foot. Investor Activity and Cash Deals on the Rise The report also revealed a strong resurgence in investor activity, with investors accounting for 58% of all transactions in Q2, up from 50% in Q1. Meanwhile, end-user activity dropped to 42%, as buyers sought rental income and capital appreciation in a high-demand market. Cash buyers dominated the market in Q2, representing 52% of transactions, up from 42% in Q1. Mortgage deals fell to 48%, indicating an increasingly liquid buyer base, driven by high-net-worth individuals and international investors seeking swift deal closures. Global Buyer Shifts Reflect Dubai's Expanding Reach The UK overtook India to become the leading buyer nationality in Q2, driven by a 56% quarterly surge in transactions. India and Pakistan retained second and third positions, respectively, while Poland made its debut in the top five. Notably, Russia dropped out of the top 10 for the first time, with Ireland climbing to sixth. As Dubai continues to draw global interest, particularly from European buyers, its property market stands firm as one of the most attractive and resilient investment destinations worldwide. View original content: SOURCE Betterhomes 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Arabian Business
18-07-2025
- Business
- Arabian Business
Dubai real estate market hit $41.3bn in H1 2025 as prime sales surge 113 per cent
Dubai's property boom shows no signs of slowing down. In the first half of 2025 alone, real estate sales hit a record-breaking AED151.8bn ($41.3bn), driven by rising investor demand and surging prime market transactions. It marks a 46 per cent year-on-year surge in H1 2025, according to the Betterhomes Q2 2025 Dubai Residential Real Estate Market report. Transaction volumes climbed 25 per cent year-on-year, reaching 50,485 units sold, while quarter-on-quarter growth hit 33 per cent in value and 19 per cent in volume, underlining the emirate's enduring global appeal and robust investor sentiment. Dubai prime real estate growth The prime residential market stood out, recording a record 1,417 transactions in Q2, up from 851 in Q1—a 67 per cent quarter-on-quarter increase and an eye-catching 113 per cent year-on-year gain. This dramatic rise signals a booming appetite for ultra-luxury homes among global high-net-worth buyers. Christopher Cina, Director of Sales at Betterhomes, said: 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. 'This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust, particularly for apartments and ready villas, with healthy absorption of new launches. 'Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields.' More than 20,000 new residential units were completed in H1 2025, with a further 70,000 expected by year-end. More than 200,000 more homes are in the development pipeline through 2027. JVC led completions with 20 per cent, followed by Sobha Hartland (11 per cent) and MBR City (8 per cent). Dubai real estate prices Prices continue to edge upward, with the average price per square foot now AED1,582 ($431)—a 6 per cent increase compared to H2 2024, and 90 per cent higher than pandemic-era lows of AED833 ($227). Investor transactions rose to 58 per cent in Q2, up from 50 per cent in Q1, while end-user share fell to 42 per cent. The market also saw a significant shift towards cash purchases, now accounting for 52 per cent of all deals, up from 42 per cent in Q1. Mortgage-backed transactions dropped to 48 per cent, reflecting a liquidity-driven market led by global investors and faster deal cycles. The UK overtook India as the top buyer nationality, with a 56 per cent quarterly increase in activity. India and Pakistan held second and third positions respectively, while Poland entered the top five and Ireland debuted at sixth, replacing Russia for the first time in years. Dubai's market continues to draw a global and increasingly diverse buyer base, reinforcing its position as one of the world's most sought-after property destinations. Dubai real estate highlights H1 2025 Metric H1 2025 Change vs. 2024 Total sales volume AED 151.8 billion ($41.3 billion) Up 46% YoY Units sold 50,485 Up 25% YoY Prime transactions 1,417 deals Up 113% YoY Average price/Sq ft AED 1,582 ($431) Up 6% H2 2024, Up 90% since COVID lows New units delivered 20,000 70,000 more expected in H2 Top completion areas JVC (20%), Sobha Hartland (11%), MBR City (8%) — Investor share 58% Up from 50% in Q1 Cash transactions 52% Up from 42% in Q1 Top buyer nationality United Kingdom Up 56% Q2 vs. Q1
Gulf Insider
04-07-2025
- Business
- Gulf Insider
Luxury Real Estate Boom: Dubai Outshines London, Miami, Phuket
Dubai has officially cemented its position as the world's branded residence capital, leading a global shift in luxury real estate where lifestyle, prestige, and brand power now rival square footage and skyline views. According to a new report by Betterhomes, Branded Residences: Dubai vs The World , the emirate is experiencing a meteoric rise in branded residential developments, with over 140 branded projects set for delivery by 2031—more than any other city on the planet. That marks a 160% growth in the segment over the last decade. The numbers behind the trend are staggering. In 2024 alone, Dubai sold over 13,000 branded homes, generating Dh60 billion in transaction value—a 43% year-on-year increase. Buyers are paying 40% to 60% premiums on branded units compared to standard luxury homes, drawn in by the promise of concierge living, long-term capital appreciation, and the halo effect of globally recognized names. 'High-net-worth buyers are no longer just looking for property. They're investing in lifestyle, brand value, and long-term growth,' said Christopher Cina, Director of Sales at Betterhomes. 'Dubai offers all three, and that's why it's outperforming legacy markets like London and Miami.' Dubai's rise isn't just about quantity—it's about strategic positioning. While cities like Miami boast ultra-luxury residences (like the Aston Martin Residences fetching up to Dh25,000 per square foot), Dubai offers comparable brand appeal at more competitive prices. For instance, Bvlgari Residences are priced at around Dh10,500 per square foot, while Bugatti Residences command a 237% premium, yet remain within reach for global investors. Beyond price, Dubai trumps competitors in three key areas: Tax advantages over London More accessible pricing than Miami Stronger growth potential than Phuket or Spain In contrast, while London's OWO Residences reach Dh20,000 per square foot, tax burdens and red tape dampen investor enthusiasm. Thailand and Spain may offer luxury appeal, but they lack Dubai's liquidity, speed of execution, and investor-centric ecosystem. Once the domain of legacy hospitality names like Four Seasons or Ritz-Carlton, today's branded residence market is a kaleidoscope of luxury labels—from fashion houses to supercar brands. In Dubai, this diversification is on full display: Bugatti Residences by Binghatti Armani Beach Residences by Arada Six Senses Residences by Select Group Master developers like Emaar, Meraas, and Nakheel have also doubled down on brand-centric communities that blur the line between home and lifestyle destination. As the branded model gains traction, the MENA region is projected to hit 25% market share in branded residences by 2030, with Dubai leading the charge. Dubai's real estate surge isn't just about architecture or amenities—it's about experience. Buyers aren't just acquiring a home; they're aligning themselves with an identity. It's a Bugatti lifestyle, a Bvlgari vision, an Armani address. That emotional connection is translating into real-world value. With branded residences now representing 8.5% of Dubai's total real estate transaction value, the trend isn't slowing down—it's accelerating. As the global appetite for branded living grows, one thing is clear: Dubai isn't just keeping pace—it's setting the standard. With its unmatched blend of brand integration, investor-friendly environment, and lifestyle innovation, the emirate is not just building homes—it's building the future of luxury living. Dubai's branded residence market is no longer an emerging trend—it's a global benchmark. Investors, developers, and lifestyle brands alike are now looking to the city as the blueprint for high-end, brand-powered urban living.
