The Dubai real estate market continued its record-breaking surge in 2025, with November pushing the total number of property deals past the previous full-year peak, with a month still remaining.
A market report issued by fäm Properties on Wednesday shows that last month produced 19,019 transactions, a 30.9 percent increase year on year. It took the total for the year to 197,263, eclipsing the all-time annual high of 180,900 deals set in 2024.
After last year’s record of Dh522.1 billion in annual real estate sales value was surpassed in October, November’s Dh64.7 billion worth of deals—a 49.6 percent year on year leap—took the total for 2025 so far to Dh624.1 billion.
Data from DXBinteract revealed that 15,905 apartment sales worth Dh32.1 billion last month represented a 37.4 percent leap in volume, while villa sales worth Dh13.2 billion were 6.6 percent down in volume to 2,078.
Commercial property sales worth Dh2.3 billion climbed 79.7 percent in volume year on year to 647, with Dh17.1 billion worth of plot sales up 3.6 percent in volume to 377. Meanwhile, the average property price per square foot rose by 16.1 percent to Dh1,755 per square foot.
“What we’re seeing here isn’t momentum, this is the market maturity meeting global demand,” said Firas Al Msaddi, CEO of fäm Properties. “When a market grows this aggressively and stays stable, it’s not speculation, it’s migration plus capital allocation.
The value run is even stronger than the volume run. We’ve seen a 20 percent value growth on what was a record year in 2024 with one month of this year still to go. This tells us price per sqft is rising, buyers are deploying more per purchase, and higher-ticket assets are moving.”
First sales from developers dominated again in November, accounting for 13,374 transactions totaling Dh41.4 billion, compared with 5,645 resales valued at Dh23.3 billion.
Dubai property sales in November have now reached the current level from Dh7.4 billion (3,900 transactions) in 2020 to Dh18 billion (7,000) in 2021, Dh31 billion (11,100) in 2022, Dh42.5 billion (12,300) in 2023, and Dh42.7 billion (14,500) last year.
The most expensive individual property sold in November was a luxury apartment at Jumeirah Residences Asora Bay, Jumeirah First which fetched Dh203 million, while the most expensive villa went for Dh110 million on Palm Jumeirah.
With properties worth Dh1-2 million accounting for 37.03 percent of sales, 24.85 percent were below Dh1 million, 16.66 percent between Dh2-3 million, 12.79 percent between Dh3-5 million, and 8.67 percent more than Dh5 million.
