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Dubai's real estate sector sustained its remarkable performance earlier this week, with November activity pushing full-year property sales past last year's record despite one month still remaining. The latest market figures from fam Properties and DXBinteract indicated strong growth across apartments, villas, commercial units and plots, supported by higher price levels and continued global and regional investor interest. Off-plan transactions once again dominated, and several emerging and established communities led activity. High-value deals, rising median prices and a broad spread of sales across price bands underscored the depth of demand shaping the emirate's ongoing property cycle.
Dubai's real estate market continued its record-setting momentum earlier this week, with November pushing annual property transactions beyond the previous full-year peak, even though the year had not yet concluded. A market report released by fam Properties stated that November recorded 19,019 transactions, representing a 30.9% year-on-year increase, and raised the year's total to 197,263 deals, surpassing the earlier record of 180,900 transactions achieved last year. Advertisement
The earlier annual sales value benchmark of AED522.1 billion set in the past year had already been overtaken in October, and the AED64.7 billion in November deals-reflecting a 49.6% year-on-year surge-took the cumulative value for 2025 to AED624.1 billion. Data from DXBinteract showed that apartment sales dominated activity with 15,905 deals worth AED32.1 billion, a 37.4% increase in volume. Villa transactions totalled 2,078, with a combined value of AED13.2 billion, registering a 6.6% decline in volume. Commercial sales worth AED2.3 billion rose sharply, with volume climbing 79.7% year-on-year to 647, while plot sales reached AED17.1 billion, with 377 transactions marking a 3.6% volume increase. The average price per sq ft rose by 16.1% to AED1,755, indicating firmer buyer spending and rising capital deployment across all asset classes.
Firas Al Msaddi, CEO of fam Properties, remarked that the current surge reflected market maturity aligned with rising global interest. He explained that the combination of aggressive growth and consistent stability suggested a market driven more by migration and capital allocation than speculation. He also observed that value growth had exceeded volume growth, noting a 20% increase in deal value compared to the record year of 2024, even with a month still remaining in the current calendar year. This, he said, pointed towards rising price points, greater investment per transaction and stronger movement in higher-value assets.
Developer-led launches remained the dominant driver, with first-sale properties accounting for 13,374 transactions valued at AED41.4 billion earlier this week. Resale activity comprised 5,645 transactions amounting to AED23.3 billion. Dubai's November sales figures have consistently trended upward over recent years, rising from AED7.4 billion and around 3,900 deals in 2020 to AED18 billion from 7,000 deals in 2021, followed by AED31 billion from 11,100 deals in 2022, AED42.5 billion from 12,300 transactions in 2023, and AED42.7 billion from 14,500 deals last year.
Key communities earlier this week reported notably strong activity, with Jumeirah Village Circle recording 1,426 transactions worth AED1.9 billion, followed closely by Wadi Al Safa 5, which closed 1,133 transactions valued at AED1.8 billion. Business Bay registered 1,055 transactions with a sales value of AED3.6 billion, while Dubai South completed 903 deals worth AED2.1 billion. Mina Rashid reported 899 transactions totalling AED3.1 billion. The most expensive individual sale involved a luxury apartment at Jumeirah Residences Asora Bay in Jumeirah First, which changed hands for AED203 million. The highest-value villa transaction was recorded on Palm Jumeirah, reaching AED110 million.
Properties priced within the AED1-2 million range accounted for 37.03% of earlier weekly sales. A further 24.85% of transactions were below AED1 million, while 16.66% fell between AED2-3 million, 12.79% ranged from AED3-5 million, and 8.67% exceeded the AED5 million mark. Several major projects also led both first-sale and resale activity. First-sale apartments at Binghatti Flare recorded 369 transactions worth AED470 million with a median price of AED1.3 million, while DAMAC Riverside registered 229 sales totalling AED306.1 million. Sobha Solis followed with 205 sales worth AED261.1 million, Chelsea Residences by DAMAC closed 108 units valued at AED313.3 million, and Azizi Mirage 1 concluded 106 sales worth AED61.2 million. First-sale villa activity included Grand Polo - Selvara 2, which reported 66 transactions valued at AED438.9 million, followed by Dubai Investment Park Second with 62 sales worth AED186.4 million. Nad Al Sheba First achieved 56 sales totalling AED704.1 million, Bay Villas at Dubai Islands recorded 34 sales worth AED335 million, and Reportage Village 1 registered 28 sales worth AED36.9 million.
In the resale segment earlier this week, Azizi Riviera led apartment transactions with 95 sales worth AED76.1 million, while Creek Beach - Canopy recorded 44 units valued at AED105 million. Sobha Hartland - The Crest concluded 39 resale apartment transactions worth AED92.4 million, Elite Sports Residence closed 35 transactions valued at AED19.7 million, and Casa Flores and Eden Apartments recorded 35 deals worth AED41.5 million. Among villas, Rukan 3 achieved 24 transactions valued at AED33.7 million, Mudon Al Ranim 3 registered 17 sales worth AED67.1 million, The Valley - Talia reported 17 transactions totalling AED52.2 million, Aura recorded 14 deals worth AED68.9 million, and Maha Townhouses completed 13 sales valued at AED40.6 million.
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