Dubai's real estate market continues to show impressive growth despite global economic fluctuations.
House prices are rising steadily, especially in the villa segment, and investor interest is shifting to properties under construction. Let's find out which neighbourhoods are growing the fastest, which developers are leading the way and what the key figures are for March and the first quarter of 2025.
According to new data from ValuStrat, residential property values in Dubai continued to rise in March 2025. The total index reached 210.8 points, representing a monthly increase of 1.6% and an annual increase of 25.9%. Meanwhile, flat values increased by 1.2% in March 2025 compared to February 2025 and by 21.4% year-on-year. Looking at the details, the Greens neighbourhood saw the largest increase in residential prices (+24.7%), followed by Palm Jumeirah (+25.2%) and Town Square (+24.4%). At the bottom of the list was the Burj Khalifa area, where the cost of apartments rose by just 14.9% over the year.
On the other hand, villas in Dubai rose by 2% in March compared to February 2025 and by 30.3% year-on-year. The highest house price growth was recorded in areas such as Jumeirah Islands (+42%), Palm Jumeirah (+41.5%), Emirates Hills (+30.5%) and The Meadows (+29.6%), while the lowest was in Mudon (+9.3%).
Interestingly, 69% of all transactions completed in March 2025 were for properties under construction.
Sales in this segment fell by 7.4% month-on-month, but rose by 19.3% year-on-year. Secondary market transactions were down 2.4% on February, but up 1.1% on the same month last year. In addition, 23 luxury secondary market properties worth over UAE Dh30 million were sold in Dubai in March, including Dubai Hills Estate, Palm Jumeirah, Emirates Hills, Jumeirah Bay Island, Business Bay, Al Barari, Dubai Marina and Jumeirah Golf Estate.
Emaar, Damac, Binghatti, Nakheel, Sobha and Danube were the best performing local developers in terms of property sales. The most popular developments under construction with investors were
- Jumeirah Village Circle - 9%.
- Business Bay - 7.4%
- Damac Island City - 5.7%
- Dubai Production City - 5.3%
- Dubai Maritime City - 4.8%