Dubai’s property sector recorded 18,339 transactions worth AED46.47bn ($12.65bn) in October, according to new research from BetterHomes.
Rising sales prices, strong off-plan activity and strong rental demand have been backed by continued confidence among buyers, investors and tenants.
While transaction volumes decreased by 1.7 percent in the month (mom) in the month (mom), the total value of the rose 4.2 percent, showing a strong demand with high price points and continued consumption of money.
Dubai Real Estate Grogn
Off-Plan activity ended the market in October, accounting for 69 percent of all transactions, while the secondary market represented 31 percent.
Binghatti led the Off-Plan sales value at AED3bn ($816m), followed by Meeras, Damac Properties and Emaar. In the headline segment, Emaar ranked first with AED4.99bn ($1.34BN) in sales.
The buyer leads in CaveHomes Rose 1 percent Mother, supported by an increase of 11 percent in Villa Unentrance, although it decreased 16 percent in the demand of the city.
Villas commanded an average sales price of AED14.8M ($4.02m) on BetterHomes, above the market average of AED12.43m ($3.38m) recorded by the Dubai Land Department (DLD).
Uplift reflects the continued appetite for luxury and ultra-prime homes.
Work Styles
Christopher Cina, sales director at BetterHomes, said: “The October data confirms Dubai’s strong fundamentals.
“Buyers are looking for quality developments with strong ROI, especially in communities like Dubai Hills Estate, JVC, and Business Bay.
“With 58 percent investors and 42 percent users and 42 percent users, Dubai maintains a healthy balance between investment attractiveness and disability.”
Leased data
Tenants led to BetHomes set up 1 percent in October, supported by a 5 percent increase in apartments, while the search for a townhouse is wanted by 7 percent.
Rental transactions reached 48,656, with new contracts representing 43 percent of all leases – up from 40 percent in September – showing a new improvement.
Average rental prices recorded by DLD at AED76,500 ($20,838) for apartments, AED173,000 ($47,128) for townhouses and $74,291) for villas.
In comparison, the best rental portfolio targeted at the top units, AED130,500 ($35,540), AED218,000 ($5950,000 ($122,520 ($122,520)) respectively.
Jumeirah Village is the LED triangle for apartments and apartments at 3.7 percent, while Nad Al Sheba records strong growth for villas at 5.3 percent.
Four check agreements remain the most common payment structure at 34 percent, followed by one payment at 27 percent.
Market perspective
Rupert Simmonds, director of lettings at Betterthomes, said: “The rental market continues to show strong momentum, particularly in subjects where flexible payment options and availability of units remain high.
“With more than half of the rental renewal sustained, tenants are showing confidence in continuing with Dubai’s rental environment.”
With rising transaction prices, strong rental activity and a strong investor appetite, betterhomes expects that the property market in Dubai is expected to study in Q4 2025.
The outlook is supported by a stable economic environment, strong population growth and strengthened global attention to Dubai’s real estate sector.
