Dubai’s real estate market surged to AED114.08 billion ($31.1 billion) in total transactions during Q1 2025 — a 29.19% jump from the same period last year, according to Springfield Properties. The number of transactions rose to 42,269, marking a 23.11% year-on-year increase. Off-plan sales led the momentum, with 24,920 deals recorded, up from 20,006 in Q1 2024. The ready property market also saw strong performance, with transaction values rising from AED43.9 billion to AED60.2 billion.

Rental prices climbed as well, with average rents per square foot increasing 14% — from AED71 ($19) to AED81 ($22). Dubai South and Al Furjan stood out, recording rental hikes of 26.37% and 21.56% respectively. Farooq Syed, CEO of Springfield Properties, said the sustained growth reflects investor confidence in Dubai’s economic vision and infrastructure development. Property prices are forecasted to rise 5% to 10% this year, with 72,365 new units expected to hit the market.

Dubai’s dynamic property sector continues to attract both regional and international investors looking for strong, stable returns.