Dubai Real Estate Market Q3 2025: Transactions Outpace Price Growth
Dubai’s real estate market has once again proven its strength in Q3 2025. While prices have risen steadily, the real headline is transaction growth. Between Q3 2023 and Q3 2025, the average sale price per sq. ft. increased by 17.4%, but the number of transactions surged by 60.8% in the same period. This shows that demand and liquidity are outpacing price appreciation — a clear sign of investor and end-user confidence.
Population Growth Driving Demand
Dubai’s population has now surpassed the 4 million milestone, a key driver of real estate demand across all segments. This growth aligns with the government’s ambitious urban planning goals:
- Dubai Economic Agenda D33 (2033) aims to double the city’s economy, cementing its status as one of the world’s top three global hubs.
- Dubai Urban Master Plan 2040 envisions sustainable city expansion, with new communities, enhanced infrastructure, and a balance between residential, commercial, and green spaces.
This combination of organic population growth and long-term strategic planning provides a solid foundation for continued property market expansion.
Luxury Market Expansion
Dubai is not only growing in volume but also in prestige. Developers are launching an increasing number of ultra-luxury residences to capture global wealth inflows. Projects such as Sunteck Realty’s ultra-premium development in Downtown Dubai and bespoke waterfront mansions on “Billionaire Island” illustrate this wave of luxury supply.
Influx of Millionaires
Dubai continues to be a magnet for global high-net-worth individuals. In 2025 alone, the city is projected to welcome 9,800 new millionaires, one of the highest inflows globally. The UAE already ranks among the world’s top destinations for wealth migration, with Dubai leading due to its tax advantages, lifestyle, and strategic location.
Global Buyer Demand
Demand is increasingly international. Wealthy buyers from Europe and North America are relocating for Dubai’s stability and luxury lifestyle, while Chinese investors are driving new waves of capital amid challenges in their domestic real estate market. This east-west blend of demand strengthens Dubai’s position as a global property hub.
Record-Breaking Luxury Deals
Ultra-prime sales (USD 10 million+) continue to set new records, reflecting the city’s ability to attract elite buyers. In fact, Dubai now ranks among the world’s busiest markets for luxury real estate transactions, with some reports showing growth rates above 90% year-on-year in this segment.
The Bottom Line
Dubai’s Q3 2025 market demonstrates both growth and depth:
- Prices are climbing steadily.
- Transactions are growing even faster.
- Population growth has hit 4 million, aligning with Dubai’s 2033 and 2040 strategic goals.
- Luxury supply and millionaire migration are expanding the buyer base.
- Global demand from the West and China is reinforcing Dubai’s role as a safe haven for capital.
Residential Off Plan and Secondary
All prices should not be considered definitive indicators of the market, as this report reflects the average values in Dubai. The pricing for off-plan properties is contingent upon the projects that have been registered, which typically occurs approximately 90 days after the reservation, rather than at the time of launch.
Total Sales Transactions – Total Value – Average Sale – Price per sq ft
Q3 – 2023 – 32,850 – AED88,955,566,308– AED2,730,373– AED1,629
Q3 – 2024 – 47,186 – AED117,337,449,451– AED2,486,700– AED1,734
Q3 – 2025 – 52,853 – AED132,761,039,996– AED2,511,892 – AED1,913
The average sale price, per sq ft, has increased from 2023 – 2025, in the same period, Q3, by 17.4%, and the number of transactions has increased in the same period by 60.8%.
TOTAL TRANSACTIONS SECONDARY MARKET (RESALE)
(ready properties (not from Developer/resale)
9,948 apartments were sold with an average price of AED1,793,474 at an average price per sq ft of AED1,650 on an average sq ft of 999, with one-bedroom apartments taking a 42.9% major share of the market. 19.4% of transactions priced between AED1,000,000-AED1,500,000.
Share of transactions by Area:
JVC 12.8% – Business Bay 8% – Dubai Marina 5.4% – Downtown 5.2% – International City 4.2%
Townhouses
1,959 resale transactions were townhouses with an average price of AED3,510,735, the average price per sq ft AED1,409 with 3 bedroom townhouses having a 46.3% share of sales, 45.5% of sales were between AED3,000,000-AED5,000,000.
Share of transactions by Area:
Damac Lagoons – 13.2% – Town Square 6.5% – The Valley 6.3%, Emirates Living 5.7%
Villas
954 transactions were villas with an average price of AED 13,083,404, 4 bedroom villas took the majority of sales, 35.8% with a average price of AED2,343 psqft. 93.2% of transactions were AED3,200,000+
Dubai Hills Estate 5.7%, Mohammed Bin Rashid City – 5.5%, Damac Hills 5%, Tilal Al Ghaf 5%
OFF PLAN MARKET (DIRECT FROM DEVELOPER)
It is important to note it is hard to judge the off-plan sales, as we only see visibility once the properties have been registered with Oqood which could be up to 2 months after the actual sale. This may throw off some of the figures but by reporting a quarter review we should see the data more accurate than a monthly report. For example: Creek Waters in Creek Habour launched 31st March 2023 and registrations are showing 26th June 2023.
39,624 total off plan registrations compared to 12,861 re sale registrations.
35,534 registrations were apartments, with an average price of AED 1,926,556
and an average price per sq ft of AED2,029 an average sq ft built-up area of 855 sq ft.
48.1% of apartments were 1 bedroom apartments, 25.3% of were studio apartments. 32.4% of properties registered were in the AED1-1.500,000 bracket.
Jumeirah Village Circle 10.4%, Business Bay 8.9%, Dubai Science Park 6.4%, Damac Riverside 6.3%.
Townhouses
2,048 townhouses were registered, with an average price of AED 3,047,733
with an average of 2,583sq ft built up area, 4 bedroom townhouse sales were 50.2% share and 3 bedrooms with a 24.8% share. 36.5% of sales were between AED3,000,000 and AED5,000,000.
Damac Islands 32.5%, Damac Hills 2 – 15% – Hayat 7.9%, The Valley 5.4%
Villas
2,042 transactions were villas with an average price of AED 9,414,710, 4,589 sq ft average built-up area, 52.3% were 4 bedroom villas, 24.5% for 5 bedroom and 17.2% 3 bedroom. 96.8% of villas were sold above AED3,200,000.
The Wilds 37.8% – Grand Polo by Emaar 27% – The Oasis 6.3% – Sobha Elwood 5% – The Valley 3%
Supply Increase
In line with the 2040 vision of increasing population, green spaces and sustainability across the region developers have been launching some unprecedented projects this year with amazing facilities, lifestyle, and end-user mindset at the forefront.
2025 – 81,084 properties are expected to be handed over, 2,121 are still under the status of launch and a further 22,426 units are 20% or under in completion status so are unlikely to complete by the end of the year.
This will contribute to a stabilization of supply, which is a positive indicator for the market through the end of the year. The majority of the supply is located in JVC, an area that is heavily supplied but also experiences strong demand, helping to sustain that demand.
The supply which is expected to be handed over by year against demand:
JVC – 7,652 apartments – Demand slightly more supply than demand 3% lower leads than listings, but the largest search trend keyword is brand new, ready to move and vacant giving the new supply the most demanded.
Al Furjan – 696 apartments – 246 villas, 440 townhouses – Over all the area received more leads to the % of listings online, for apartments, most buildings received more leads than availability by double. There is 40% more inquiries than properties for the villa/townhouse sector, with brand new being a top key word along with, pool, vastu, standlone.
Arabian Ranches 3 – 859 villa and townhouses – Current demand aligns closely with supply levels, meaning that the new supply will either attract additional buyers alongside those already interested, or we may encounter a slight oversupply, which could help properties maintain their market prices.
The Valley – 638 – Townhouses – The Valley has seen some of the highest returns on equity in affordble housing that any other project. Demand remains equal to the supply currently on the market, with brand new, corner, pool, single row being the most searched for units,
Damac Lagoons – 5,637 villa/townhouses, as this is a new project demand is not available,
Emaar Beachfront – 824 apartments – Demand 2025 to date, 20% more searches than listings, 15% more leads than listings.
Business Bay – 5,312 apartments, currently the community is stable with equal amount of supply than demand, highest ranking searches are for burj khalifa view, ready to move, brand new and canal view.
2026 – 96,500 properties are expected, 82,732 apartments mainly in Arjan, Business Bay, City Walk, Dubai Creek Harbour – Damac Lagoons and Dubai Hills will have the majority share of villas handing over. Villa communties will be Damac Hills 2, Damac Lagoons , Arabian Ranches 3.
2027 – 84,979 properties are expected, 16,000+ villas and townhouses in Damac Lagoons, Damac Hills 2, Nad Al Sheba and The Valley.
2028 – 45,480 properties are expected, in Dubai Harbour (Beachfront), Maritime City, and Al Sufouh, Damac Lagoons, Dubai Hills Estate.
Demand Q3 – 2025
Apartments
According to datafinder.com, JVC Dubai Marina has been the most searched area with a 9.7% share of searches, Dubai Marina 7.9%, Business Bay 7.6%, Downtown Dubai 7.5%, and Creek 3.4%
The most searched keywords for apartments, in order, are – Brand New, Ready to Move, Distress, Rented, Installment, Freehold
Townhouses/Villas
Dubai Land received 7% of all searches, Dubai Hills Estate 6.2%, Al Furjan 5.1%, Palm Jumeirah 4.6%.
The most searched keywords for townhouses and villas, in order, are – Pool, Corner, Single Row, Brand New
data compiled by Laura Adams using propertymonitor and datafinder