Latest news with #SecondarySales
Arabian Business
15-07-2025
- Business
- Arabian Business
Dubai property market hits record $40.2bn in Q2 2025 residential sales
Dubai's real estate market continues to break records, with Q2 2025 marking the highest-ever second quarter for residential property sales by both volume and value, according to a new market report from Provident Estate. The city recorded 49,606 residential transactions, up 22 per cent from Q2 2024 and a massive 82 per cent increase compared to Q2 2023, reaffirming Dubai's global status as a prime investment destination. Total residential sales hit AED 147.6bn ($40.2bn) — a sharp rise from AED 103.9bn ($28.3bn) in Q2 2024 and AED 70.2bn ($19.1bn) in Q2 2023. Dubai real estate growth Laura Adams, Secondary Sales Director at Provident Estate, said: 'These numbers are more than just market growth, they represent a shift in how the world views Dubai real estate. 'Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally.' The report attributes this growth to continued demand for both off-plan developments and high-quality secondary market homes, driven by Dubai's business-friendly policies, world-class infrastructure, and tax-efficient environment. Adams added: 'We're not just reporting data, we're shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally.' Q2 Dubai property market highlights
Zawya
15-07-2025
- Business
- Zawya
Dubai's Residential Real Estate Market surges in Q2 2025: Transaction volumes and average prices see notable growth
Dubai, UAE – Dubai's property market is showing no signs of slowing down. The city has posted its highest-ever second quarter in terms of residential sales volume and value, reaffirming its global standing as a prime real estate destination. According to the latest market report released by Provident Estate, Q2 2025 witnessed 49,606 residential sales transactions, up by 22% from Q2 2024 and a striking 82% surge compared to Q2 2023. This explosive growth reflects a sustained appetite from both local buyers and global investors looking to secure assets in one of the world's most dynamic property markets. Total sales reached a staggering AED 147.6 billion, climbing from AED 103.9 billion in Q2 2024 and AED 70.2 billion in Q2 2023. The average sale price also saw an impressive rise to AED 2.97 million, while the price per sq ft increased to AED 1,823, signaling strong confidence in the city's long-term real estate value. 'These numbers are more than just market growth, they represent a shift in how the world views Dubai real estate,' said Laura Adams, Secondary Sales Director at Provident Estate and the author of the report. 'Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally.' Key Highlights from the Q2 2025 Report: The surge is being driven by continued demand for both off-plan developments and high-quality secondary market homes, fueled by Dubai's business-friendly environment, world-class infrastructure, and tax-efficient living. This quarterly report, curated and analyzed by Laura Adams, leverages proprietary sales data and market intelligence from Provident Estate, offering a trusted lens into real-time property trends across the emirate. 'We're not just reporting data, we're shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally,' Laura Adams adds. Provident Estate offers full-spectrum property services across residential, commercial, and off-plan sales. With a reputation for integrity, transparency, and expertise, Provident continues to set the benchmark for excellence in Dubai real estate. Discover what these numbers mean for your next investment. About Provident Estate: Pursuing excellence since 2008. Provident Estate is a one-stop shop for all things real estate. With a resolution to always offer 5-star service to their clients, Provident Estate are here for property requirements and queries. At the crux of the business, Provident Estate work relentlessly to provide hassle-free tailored real estate advice and consultancy for investors and families alike who are looking to find the perfect home. Provident Estate takes pride in the diverse portfolio of not just services but also the team members behind the company. With over 22 different nationalities speaking 25+ different languages, all are ready to answer property-related questions. Provident are available to help with buying and leasing as well as property management all the way through to looking for the correct financing options or even finding a perfect holiday home. The company pride themselves in being transparent, honest and professional to deliver the best results to clients.
