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Source: Freepik
Published on 03/02/2025

Dubai Real Estate Sees First Price Dip Since 2022 Despite Record January Sales

Dubai Property Market Records 14,413 Sales in January as Prices Drop to AED 1,484 per Sq. Ft

According to Property Monitor, Dubai’s real estate market experienced a 0.57% price drop in January 2025—the first decline since mid-2022—signaling potential stabilization. Despite this, the month recorded 14,413 sales, the strongest January on record.

Average property prices fell to AED 1,484 per sq. ft, while sales volumes declined 4.6% from December 2024. However, off-plan launches surged, with 53 new projects adding 12,400 units. Mortgage transactions also increased by 6.8%, showing continued buyer confidence.

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Emaar led off-plan sales with a 16.5% market share, followed by DAMAC (15.8%) and Danube (5.3%). The highest villa sale hit AED 425 million ($116M) in Emirates Hills, while the lowest was a studio at AED 175,000 ($48K) in Dubai Production City.

Industry experts see this shift as a transition towards a more balanced market, where supply and demand will dictate future trends in 2025 and beyond.