Dubai’s real estate market extended its record run to 2025, in November forcing sales volumes and values over the previous year, according to new data from Fäm data.
The firm’s latest market report shows that last month they produced 19,019 transactions, a year-on-year rise of 30.9 percent, taking total deals for the entire year to 197,263. This surpasses the all-year high of 180,900 raised set for 2024, with one month to go.
The sales volume has continued to rise. After 2024’s record AED522.1 billion hit in October, a further AED64.7 billion worth in November raises the total to 2024.1 billion.
Dubai Real Estate Entermeanction sets new records
Data from DXBinterct shows that the sale of apartments remains the main driver of growth, 15,905 units were sold last month for AED321 billion, a 37.4 percent jump in volume. Villa sales closed at AED13.2 billion, although the number of units sold fell by 6.6 percent to 2,078.
Commercial payments increased significantly, with deals worth AED2.3 billion, 79.7 percent of the volume, while plot sales reached aed17.1 billion, up 3.6 percent by 3.6 percent. The average price per square foot increased by 16.1 percent to AED1,755.
Filas Al Msaddi, CEO of Fäm Properties, said the current performance reflects both the maturity of the market and rising international interest. “What we are seeing here is not momentum, this is the demand for maturity in the global market,” he said. “When the market grows this aggressively and stays strong, it’s unpredictable, it’s a migration of money and a big budget.”
He added that sales volumes are rising faster than volumes, indicating more pressure on prices and increased activity in higher value segments.
Good off-plan sales continued to dominate in November, with first developer transactions at 13,374 deals worth 141.4 billion deals. Reals reached 5,645 transactions with a value of AED23.3 billion.
The report shows that the performance of the November property market has grown significantly in recent years, increasing from sales of 20.4 billion to 2021, aed42 billion in 2023 and AED42.7 billion in 2024.
Top locations lead sales in November
The most active areas in November were the Jumeirah Village Circle with 1,96 deals worth 1,130 deals worth 103 deals worth 80 deals.
The most expensive apartment sold last month was a unit at Jumeloh Resionces Asora Bay for AED203 million. The highest value of this villa was a property of 1610 million in Palm Jumeirah.
Properties priced between AED1 and AED2 million accounted for the largest share of jobs at 37.03 percent. Payments under AED1 million made up 24.85 percent, while 16.66 percent of sales have prices between AED2 and AED3 million.
Homes priced between AED3 and AED5 million represent 12.79 percent of the market, with properties above AED5 million at 8.67 percent.
