Dubai’s residential real estate market exhibited strong resilience in the first quarter of 2025, with transaction volumes surging 23 percent year-on-year to reach 42,274 sales across both secondary and off-plan markets, according to a new report from Espace Real Estate.

The quarter witnessed robust activity despite early indications of market stabilization, with transaction volumes declining 10 percent quarter-on-quarter amid broader global economic uncertainty. “The Dubai residential real estate market continues to demonstrate remarkable resilience and growth in Q1 2025. Transaction volumes remained robust, buoyed by sustained demand for both off-plan and ready properties,” said John Lyons, Managing Director at Espace Real Estate.

The luxury segment exhibited particularly strong performance, with properties priced above AED 20 million recording the largest increase in transaction activity both year-on-year and quarter-on-quarter in the secondary market. Villa and townhouse communities experienced significant price appreciation, with 19 of the 20 tracked communities reporting increases, averaging 23 percent. Emirates Hills led the way with a remarkable 101 percent price increase, followed closely by Jumeirah Islands at 52 percent.

Apartment communities also witnessed price growth across all 11 tracked areas, albeit at a more moderate average of 10 percent. The Views area recorded the highest increase at 17 percent. Quarter-on-quarter figures in the secondary market showed an uptick in transaction volume, indicating a continued shift among tenants toward homeownership.

Source: Economymiddleeast