Estattor.com

Tag: Dubai Land Department

  • Dubai Property Market Rebounds to 99% Activity in 51 Days

    Dubai Property Market Rebounds to 99% Activity in 51 Days

    Dubai’s real estate market has delivered a historic start to 2026, with first-quarter transactions reaching AED252 billion ($68.6 billion), marking a 31% increase compared to the same period last year, according to Dubai Land Department data released on May 11, 2026.

    The sector demonstrated remarkable recovery speed following regional geopolitical events, with total active users across digital property platforms returning to 99% of baseline levels in just 51 days, according to data from Bayut and dubizzle.

    International Demand Remains Stable

    The distribution of traffic between domestic and international property seekers showed no significant shift during the recovery period, reinforcing Dubai’s position as a stable global investment destination. The United Kingdom, Germany, and India continue to lead international markets actively pursuing opportunities in the emirate.

    India and Germany demonstrated particular resilience, recording smaller traffic decreases than other major markets during regional uncertainty in early 2026. This sustained international interest, combined with robust local participation within the UAE, propelled total engagement back to near-complete recovery within less than two months.

    “The property market in Dubai is increasingly guided by knowledgeable participants who give priority to data rather than impulse. The current observation is a rational market that has recently finished its most successful quarter on record,” said Fibha Ahmed, Vice President of Property Sales at Bayut and dubizzle.

    Ahmed noted that the steady demand split between local and international parties demonstrates that global investors are utilizing digital transparency to manage short-term volatility, supported by a professionalized workforce and real-time transaction data.

    Service Quality Reaches New Standards

    Beyond transaction volume, service quality has achieved new benchmarks, with 82% of property seekers describing agent performance as “Strong” throughout the recovery period, according to platform data.

    Villas Drive Market Momentum

    Demand for both off-plan developments and premium ready properties continues to fuel market growth. Established communities like Dubai Hills Estate saw viewing activity for ready apartments surge to 123% of normal levels.

    Emerging locations including Mohammed Bin Rashid City and Dubai South recorded healthy recoveries, with views reaching 92% and 63% of baseline levels respectively. Villa communities designed for end-users became the city’s recovery engine, with DAMAC Lagoons recording a 186% surge in viewing activity.

    The combination of record-breaking Q1 growth and rapid post-tension recovery underscores Dubai’s institutional-grade market stability and its status as a critical destination for high-value global capital. The emirate’s recent visa policy changes and infrastructure investments continue to support sustained investor confidence across all property segments.

  • Dubai Homeowners Now Hold Properties as Long as London, New York Buyers

    Dubai Homeowners Now Hold Properties as Long as London, New York Buyers

    A landmark analysis by fäm Properties using Dubai Land Department data reveals that 740,219 residential properties purchased since 2012 have never been resold, representing 69.9% of all primary market purchases and 61.1% of resale transactions—a decisive shift away from the emirate’s former reputation as a speculative investment hub.

    The study examined 687,406 primary market transactions between 2012 and 2025 and 425,083 resale transactions between 2009 and 2025, providing the most comprehensive picture yet of Dubai’s evolving ownership patterns.

    Retention rates mirror global cities

    Among primary market buyers, 42% of those who purchased in 2014 still own their properties 11 years later, while retention rises to 53% for 2017 buyers after eight years and 61% for 2022 buyers after three years. The secondary market shows similar patterns, with 38% of 2014 buyers retaining ownership after 11 years and 65% of 2022 resale buyers still holding their homes.

    “Buyers focused on flipping properties have increasingly been replaced by long-term owners committed to living in Dubai or holding assets for wealth preservation,” said Firas Al Msaddi, CEO of fäm Properties. “A buyer who purchased property in Dubai in 2014 and still owns it today is behaving exactly like the median homeowner in New York or London.”

    These figures broadly align with mature Western housing markets, where the average American homeowner stays in a property for 11 to 12 years, according to Redfin and the National Association of Realtors. In the UK, only about 4% of homes are sold annually, implying ownership durations extending well beyond a decade.

    Golden Visa drives permanent residency shift

    Property analysts attribute the trend to multiple factors, chief among them the UAE Golden Visa Programme introduced in 2019 and expanded in 2022, which established a direct connection between property ownership and long-term residency rights. The initiative has encouraged expatriates to view Dubai as a permanent home rather than a temporary workplace.

    Stronger legal protections for off-plan buyers, escrow regulations and stricter developer oversight have also boosted investor confidence. The Covid-19 pandemic further accelerated this shift as global investors prioritized politically stable, low-tax cities offering safety and lifestyle advantages.

    Market stability and economic implications

    The longer holding periods carry significant implications for market stability, reducing speculative volatility and limiting excessive supply turnover during uncertain periods. Analysts say this creates a healthier and more sustainable real estate cycle aligned with leading global cities.

    Major infrastructure developments including expansions to the Dubai Metro network and large-scale master communities such as Dubai South, Dubai Creek Harbour and Dubai Islands have broadened the range of areas where residents are willing to settle permanently. Improved transport connectivity, schools, healthcare facilities and lifestyle infrastructure are increasingly encouraging families to remain long-term.

    The findings arrive as Dubai’s real estate market continues to demonstrate resilience, with transaction volumes remaining robust despite early signs of price moderation. While the emirate recorded over Dh180 billion in Q1 2026, the rise in long-term ownership suggests the market is becoming more institutionally driven and fundamentally sound.

    For investors and policymakers, the data signals that Dubai’s housing market is no longer defined primarily by speculative trading cycles, but increasingly by permanence, wealth preservation and long-term economic confidence—characteristics that distinguish mature global property markets from emerging ones.

  • Dubai Off-Plan Office Sales Hit Record $817 Million in April

    Dubai Off-Plan Office Sales Hit Record $817 Million in April

    The emirate’s office segment has maintained exceptional momentum throughout 2026, with April’s performance representing a sharp rebound from March’s AED1.3 billion and surpassing February’s previous peak of AED2.7 billion.

    Dubai’s office market recorded 318 off-plan office transactions in April, up from 182 in March, and compared with 355 in February and 414 in January, demonstrating sustained investor appetite for commercial property assets.

    Business Bay dominates commercial investment activity

    Business Bay emerged as the dominant commercial hub in April, generating approximately AED2.8 billion in off-plan office sales across 158 transactions, reinforcing its status as Dubai’s premier office investment destination. The district’s performance accounted for more than 90% of total off-plan office sales value during the month.

    Total off-plan office sales in Dubai reached AED9.4 billion during the first four months of 2026 across 1,269 transactions, representing a 104% increase compared to the full-year 2025 total of AED4.6 billion. Transaction volumes between January and April already represent approximately 90% of the 1,412 deals recorded throughout 2025.

    Ready office segment shows steady growth

    The ready office market also demonstrated resilience, with sales totaling AED296.3 million in April from 106 transactions, compared with AED234.5 million across 84 deals in March. Earlier in the year, February recorded AED695.1 million from 265 transactions, while January saw AED861.9 million from 265 deals.

    The surge in office sales aligns with broader market strength across Dubai’s property sector. Dubai’s real estate market recorded Dh48 billion in total transactions in April 2026, marking an increase of over 20% compared to March.

    The commercial property boom reflects sustained corporate expansion and investor confidence in Dubai’s economic fundamentals. Office prices jumped 29% year-on-year in prime locations during 2025, driven by limited Grade-A supply and strong demand from global corporations establishing regional headquarters in the emirate.

    April also witnessed the highest monthly value of off-plan residential apartment sales in 2026, reaching AED19.7 billion from 8,812 transactions, further demonstrating the breadth of activity across Dubai’s property market.

    The record-breaking performance in the office segment underscores Dubai’s expanding role as a global business hub, with corporate occupiers and institutional investors continuing to commit capital to commercial real estate despite broader regional uncertainty. The sustained transaction volumes and escalating values signal confidence in the emirate’s long-term economic trajectory and commercial property fundamentals.

  • Dubai Beachfront Plots Sell for Dh400 Million in Record Deal

    Dubai Beachfront Plots Sell for Dh400 Million in Record Deal

    A landmark Dh400 million beachfront land acquisition in Dubai has set a new benchmark for the emirate’s super-prime residential market, creating one of the last remaining contiguous coastal development sites of this scale along the Arabian Gulf.

    The transaction, completed in March 2026, covers three adjacent freehold plots in Jumeirah Coastline spanning more than 113,000 square feet and 160 metres of private beachfront. Arabian Acres, a Dubai-based luxury real estate brokerage and development advisory firm, structured and completed the acquisition as exclusive broker for both buyer and seller, with registration processed through Dubai Land Department via three coordinated unit transfers.

    The combined site is projected to deliver a gross development value exceeding Dh1 billion, with plans for three ultra-luxury villas offering direct beachfront access and private marina docking—a combination the developer describes as Dubai’s only residential land opportunity merging private beach access with a dedicated residential yacht marina.

    “This was a tightly structured transaction that required all three plots to move together. The window to secure this site was exceptionally narrow, as these were the last adjacent beachfront plots of this scale,” said Issa Atiq, CEO of Arabian Acres.

    According to Dubai Land Department data cited by the company, the three plots have appreciated between 255% and 335% over the past three years, reflecting constrained supply of prime coastal land and sustained demand for ultra-luxury residential assets.

    The deal comes as Dubai’s property market records billions in monthly sales, with high-net-worth buyers seeking long-term value, asset security, and exposure to a regulated freehold market. The transaction follows similar high-value land deals, including a 25% surge in luxury home prices recorded in 2025.

    Strategic acquisition in limited supply market

    The coordinated acquisition was structured to ensure all three plots moved as a single landholding, a requirement that narrowed the transaction window significantly. Atiq noted that once developed, the combination of site, beach, and planned marina access would be exceptionally difficult to replicate.

    “Large-scale land acquisitions of this nature reflect steady institutional and private wealth confidence in the UAE’s regulatory transparency, economic resilience, and long-term growth trajectory,” Atiq added.

    Sustained capital inflows into Dubai’s prime and super-prime real estate segments continue to reinforce the UAE’s position as one of the world’s most stable and resilient investment destinations, particularly as global investors prioritize markets with policy continuity, freehold ownership protections, and long-term economic planning.

    The Jumeirah Coastline deal underscores the scarcity of large-scale coastal development sites in Dubai, where beachfront land with marina capabilities remains in exceptionally limited supply. As the emirate’s property market holds steady despite regional uncertainty, transactions of this magnitude signal enduring investor confidence in Dubai’s ultra-luxury residential sector.

  • Dubai Removes Minimum Property Value for Residency Visas

    Dubai Removes Minimum Property Value for Residency Visas

    Dubai Land Department eliminated the minimum property value requirement for sole owners on April 30, 2026, removing the Dh750,000 threshold and relaxing conditions for jointly owned properties as the emirate opens its real estate market to a broader pool of investors and first-time buyers.

    The policy shift represents a significant departure from previous restrictions, effectively lowering the barrier to residency at the entry level while other global jurisdictions tighten their requirements.

    Industry Leaders Welcome the Move

    Francis Alfred, Managing Director of Sobha Realty, described the update as a forward-thinking approach that builds on Dubai’s investor-friendly reputation.

    “This latest progressive move by the Dubai Land Department builds on the forward-thinking, investor-friendly approach the emirate has long cultivated. The removal of a minimum property value threshold for homeowners is particularly significant as it opens the door for a wider pool of first-time buyers and investors. Such policies strengthen demand fundamentals and deepen market maturity,”

    Alfred told Khaleej Times.

    Firas Al Msaddi, CEO of fäm Properties, emphasized the strategic timing of the decision. “Dubai has just done what most global property markets won’t – lowering the barrier to residency at the entry level at a moment when other jurisdictions are tightening theirs,” he said.

    Al Msaddi noted that the policy sends a clear message: “Residency in Dubai is no longer reserved for those who can write a seven-figure cheque on day one. You can now plant your stake in this city with capital that matches your stage of life, and grow your position from there.”

    Impact on Market Segments

    Luthfullah K, Director at Casagrand Dubai, said the expanded eligibility will naturally stimulate demand in the entry and mid-market segments, where rental yields and long-term capital growth remain attractive. “Many buyers today are choosing Dubai not just as an investment destination, but also as a residency hub, and this policy further strengthens that appeal,” he added.

    Tauseef Khan, Founder and Chairman at Dugasta Properties, highlighted Dubai’s commitment to accessibility. “This update highlights Dubai’s dedication to making property ownership accessible and investor-friendly. The removal of the minimum property value requirement for sole owners and the introduction of practical conditions for jointly owned assets open the door for a wider range of buyers.”

    Annuj Goel, chairman of Golden Light Group, emphasized the structural change. “What changed today isn’t a number — it’s a barrier. By moving away from a fixed investment threshold and instead focusing on ownership structure, the UAE has made the market far more accessible,” Goel said, noting that the buyer pool widens overnight, especially in the mid-market segment where most genuine end-users sit.

    Broader Market Context

    The policy update comes as Dubai’s property market maintains strong momentum, with sales crossing Dh180 billion in Q1 2026 and luxury home prices jumping 25% in 2025.

    The removal of minimum thresholds aligns with Dubai’s broader strategy to attract global talent and maintain its position as a premier destination for long-term living and investment. Industry experts suggest the measures support a more balanced and resilient real estate ecosystem, driven by genuine ownership rather than short-term speculation.

    The policy strengthens the connection between ownership and residency, reinforcing one of Dubai’s biggest competitive advantages in the global property market.

  • Dubai Rental Contracts Reach Dh32.2 Billion in Q1 2026

    Dubai Rental Contracts Reach Dh32.2 Billion in Q1 2026

    Market activity remained robust through the opening quarter of 2026, reflecting structural demand drivers rather than short-term cyclical momentum. The relatively high renewal share suggests a maturing rental cycle marked by stability rather than volatility, with tenants increasingly committing to longer occupancy patterns.

    The 25% decline in cancelled contracts reinforces evidence of stronger market cohesion and improving tenant retention. Industry analysts attribute these trends to Dubai’s sustained population growth, rising business formation, and continued inflow of skilled professionals across multiple price segments.

    The expansion of the property services ecosystem remained a key feature of the quarter. The number of registered real estate offices reached 10,200, highlighting the breadth of participation across brokerage, management, and advisory functions that support the rental market’s efficiency and transparency.

    In parallel, 3,599 licences were issued across a wide range of real estate-related activities. Brokerage licences dominated the total, with 1,564 issued for sales and purchase brokerage and 928 for leasing brokerage. Additional licences covered transaction follow-up services, development activities, valuation, surveying, owners’ association supervision, mortgage brokerage, and property management.

    This diversification reflects the continued institutionalisation of Dubai’s real estate sector and the strengthening of service layers that underpin investor confidence. The steady performance aligns with broader structural shifts in Dubai’s housing landscape driven by corporate relocations and strong job creation in technology, finance, and trade-linked sectors.

    Authorities attribute part of the stability to continuous policy refinement and transparent governance mechanisms that regulate landlord–tenant relationships. The emirate’s evolving rental index system and digital contract platforms have improved visibility for both tenants and landlords, supporting more predictable leasing decisions.

    Strong project launches across emerging corridors are helping broaden housing choices. New mid-market and family-oriented developments in suburban districts are easing pressure on prime locations, contributing to a more balanced supply-demand equation across the city.

    Residential yields in Dubai remain among the most attractive globally, typically ranging between 6% and 8% in many communities, which continues to draw long-term investors into buy-to-let strategies. This has reinforced the rental market’s depth while supporting liquidity across the wider property sector.

    Commercial leasing activity has also remained resilient, particularly in business districts benefiting from continued company formation and expansion. The steady rise in real estate-related licensing activity further reflects confidence among service providers and developers in medium-term demand prospects.

    With sustained infrastructure investment, continued inflows of global talent, and a forward-looking economic agenda centred on entrepreneurship and diversification, the emirate’s leasing sector is expected to remain a central pillar of real estate activity throughout 2026. The latest indicators suggest that Dubai’s rental market is evolving within a well-integrated regulatory and investment ecosystem that combines development momentum with policy stability.

  • Dubai Rental Market Records Dh32.2 Billion in Q1 Contracts

    Dubai Rental Market Records Dh32.2 Billion in Q1 Contracts

    The emirate’s rental market demonstrated consistent performance through the opening months of 2026, with data from Dubai Land Department revealing balanced supply-demand dynamics and improved tenant retention across residential and commercial segments.

    Renewal Activity Outpaces New Contracts

    The 135,607 renewal contracts exceeded new agreements by a notable margin, indicating tenant satisfaction with current terms and locations. Industry analysts view this trend as evidence of market maturation, where both landlords and tenants have adjusted expectations following the sharp price movements of previous years.

    The 25% reduction in contract cancellations marks a significant shift from earlier volatility, suggesting fewer disputes over pricing and terms. This decline reflects the impact of Dubai’s rental regulations, which have helped standardize processes and protect both parties’ interests.

    Professional Services Sector Expands

    The number of registered real estate offices reached 10,200 during the quarter, while 3,599 new licenses were issued across various property-related activities. Brokerage services dominated the licensing landscape, with 1,564 permits for sales and purchases and 928 for leasing operations.

    Additional licenses covered property management, valuation, consultancy, mortgage brokerage, and auction services, highlighting the breadth of Dubai’s real estate ecosystem. This professional infrastructure supports market transparency and provides comprehensive service options for investors and residents.

    Market Context and Outlook

    The Q1 rental performance aligns with broader real estate trends observed across Dubai’s property sector. While off-plan apartment sales climbed 12.9% in March, the rental segment has maintained steady momentum without the dramatic price swings seen in previous cycles.

    The diverse service network—from leasing agents to valuation experts—continues to improve operational efficiency and market accessibility. These professional standards have become increasingly important as Dubai attracts international investors and corporate tenants seeking reliable long-term accommodation.

    With ongoing development projects and consistent tenant inflows, the rental sector is positioned to maintain current activity levels through mid-2026. The combination of regulatory clarity, professional service standards, and balanced market conditions suggests Dubai’s rental landscape has entered a more sustainable phase of growth.

  • Dubai Unifies Real Estate and Residency Services Under Single System

    Dubai Unifies Real Estate and Residency Services Under Single System

    Dubai has taken a significant step toward simplifying government processes by bringing real estate and residency services under one unified platform. The partnership between GDRFA Dubai and Dubai Land Department aims to eliminate bureaucratic delays and create a seamless experience for those investing in or owning property in the emirate.

    The agreement was signed by Lieutenant General Mohammed Ahmed Al Marri, Director General of GDRFA Dubai, and Omar Hamad Bu Shehab, Director General of Dubai Land Department, marking a shift toward integrated service delivery.

    Three Key Services Under One Roof

    Under the new framework, three major residency programmes—Golden Residency, Retiree Residency, and Property Residency—will be integrated into GDRFA Dubai’s system. Applicants will no longer need to navigate multiple government entities to complete their requests. Instead, they will access a single channel that handles the entire process from application to approval.

    Officials confirmed that the integration will reduce waiting times, improve coordination between departments, and enable faster decision-making. Enhanced data sharing between the two entities is expected to create a more reliable and transparent process, particularly as demand in Dubai’s real estate sector continues to grow.

    “This agreement reflects GDRFA Dubai’s focus on placing customers at the centre of services while improving quality of life,” said Lieutenant General Mohammed Ahmed Al Marri.

    He also acknowledged the Dubai Land Department’s role in adopting digital tools and automating services, which made this collaboration possible.

    Strengthening Investor Confidence

    The initiative is designed to boost trust in Dubai’s property market and make the city more attractive for long-term investors. By linking residency options directly with real estate ownership, authorities aim to offer greater stability and value to those choosing to live and work in Dubai.

    Bu Shehab described the agreement as a key step toward closer cooperation between government bodies. “It will improve efficiency and raise service standards across the real estate sector,” he said.

    The partnership aligns with Dubai’s efforts to maintain investor confidence amid regional challenges and supports the broader goals of Dubai Economic Agenda D33, which aims to position the emirate among the world’s top three cities by economic output.

    Part of a Digital Government Push

    The move is part of a wider government strategy to connect services digitally and improve accessibility. As Dubai’s real estate sector experiences sustained activity—with transaction volumes rebounding strongly in recent months—authorities are working to ensure that administrative infrastructure keeps pace with market demand.

    The unified system is expected to attract more investment, strengthen market stability, and improve the everyday experience for residents. It reflects Dubai’s ongoing commitment to creating a flexible, responsive government framework that supports economic growth and enhances quality of life.

    By eliminating redundant steps and centralizing critical services, the emirate continues to position itself as a global hub for living, working, and doing business—one that responds quickly to the evolving needs of a diverse, international population.

  • Dubai Property Transactions Rebound 49% After Eid Al Fitr

    Dubai’s property market demonstrated remarkable resilience last week, with transaction volumes climbing sharply as activity resumed after the Eid Al Fitr holiday period. According to Dubai Land Department data, total ex-land transactions reached Dh8.66 billion ($2.36 billion) for the week ending March 29, 2026, up from Dh5.82 billion in the shortened working week prior.

    The sharp recovery indicates that the previous week’s moderated performance was a temporary calendar-driven lull rather than a structural cooling of investor appetite. The data reinforces a broader trend throughout 2026: a market heavily weighted toward primary off-plan sales and apartment-led volume.

    Off-Plan Segment Drives Market Activity

    The off-plan segment continues to serve as the market’s primary engine, generating Dh6.74 billion and accounting for 77.8% of total weekly value. Within this category, apartments remained the preferred asset class, contributing Dh5.46 billion, or 81% of off-plan value.

    Villas followed with a more modest share of 11.3% (Dh763.2 million), while commercial assets represented 7.3% of the off-plan segment.

    In contrast, the secondary or ready market recorded Dh1.92 billion in transactions. While smaller in total volume, the ready segment remains the cornerstone of the city’s established residential hubs, led by Business Bay and Jumeirah Village Circle.

    Cash Dominates Off-Plan, Mortgages Support Ready Market

    The funding structure of the market remains split along traditional lines. The off-plan sector continues to be primarily cash-driven, with 97.9% of transactions conducted as direct sales. Mortgages accounted for a marginal 1.3% of off-plan activity, as buyers typically opt for developer-led payment plans over traditional bank financing for uncompleted projects.

    The secondary market shows higher reliance on the banking sector, with mortgages accounting for 38.3% of transactions (Dh734.8 million). This distinction underscores the differing profiles: the primary market remains a magnet for global capital and investors seeking capital appreciation, while the ready market serves as the gateway for end-users and residents tapping into local liquidity.

    Geographic Highlights and Trophy Deals

    Investor interest remains concentrated in high-liquidity master-planned districts and emerging waterfront developments. Jumeirah Second emerged as the week’s value leader in the off-plan segment, recording Dh591.4 million in deals. This was bolstered by the week’s standout transaction: an off-plan apartment sale worth Dh356.2 million.

    Other top-performing primary locations included Al Yelayiss 1 (Dh566.1 million) and Madinat Al Mataar (Dh555.4 million).

    In the secondary market, Business Bay maintained its status as the most liquid district, followed by Jumeirah Village Circle and the Burj Khalifa area. The highest-value resale was an apartment in Business Bay which cleared at Dh34.1 million, while the top ready villa deal was recorded in Jumeirah Park for Dh11.5 million.

    Market Outlook

    The swift return to high-volume trading following the holiday period highlights the robust buy-and-hold sentiment currently pervading the UAE’s real estate sector. With off-plan developments continuing to absorb the lion’s share of liquidity, the market appears well-positioned to maintain its momentum through the second quarter of 2026.

    As Dubai continues to expand its urban footprint toward the south and through major coastal redevelopments, these high-velocity corridors are expected to remain the focus of both regional and international portfolios. The data suggests that investor confidence remains strong despite ongoing geopolitical uncertainty in the region.

  • Dubai Off-Plan Apartment Sales Rise 12.9% to $4.77 Billion in March

    Dubai Off-Plan Apartment Sales Rise 12.9% to $4.77 Billion in March

    Dubai’s real estate market demonstrated continued resilience in March 2026, with off-plan residential apartment sales reaching AED17.5 billion ($4.77 billion), up from AED15.5 billion in the same month last year, according to an analysis of Dubai Land Department (DLD) data released April 1, 2026.

    Transaction volumes increased 2.3% year-on-year to 7,983 off-plan residential apartment deals, compared to 7,801 transactions in March 2025, reflecting sustained investor confidence in Dubai’s under-construction residential segment.

    Dubai Islands Leads Off-Plan Sales

    Al Masdar Al Aqaari’s latest report revealed that Dubai Islands emerged as the top-performing area by sales value, generating AED1.3 billion from 402 transactions during March. Madinat Al Mataar, near Al Maktoum International Airport, ranked second with AED1.2 billion across 809 off-plan residential apartment transactions while also leading in transaction volume.

    Jumeirah Second secured third place with AED1.1 billion in total sales, driven by just nine high-value transactions within the Dubai Peninsula master development, including Aman Residences Dubai and Peninsula Dubai Residences – Tower 2.

    By transaction volume, Madinat Al Mataar led with 809 deals, followed by Dubai Land Residence Complex with 651 transactions worth AED618.9 million, and Jumeirah Village Circle (JVC), which recorded 570 transactions totaling AED660.6 million.

    Luxury Segment Posts Record Transactions

    Dubai’s luxury real estate segment recorded several landmark deals in March, with Aman Residences Dubai completing the third most expensive off-plan apartment sale in Dubai’s history. The transaction, valued at AED422 million, involved a 31,201-square-foot off-plan residential apartment sold at AED13,525 per square foot. The project also recorded another high-value deal, with a similar-sized unit selling for AED356.2 million at AED11,417 per square foot.

    The highest price per square foot during the month was recorded at South Square, Madinat Al Mataar, where a 1,230-square-foot off-plan residential apartment sold for AED19.9 million, equating to AED16,180 per square foot.

    The second-highest rate was at Aman Residences Dubai, where a 3,824-square-foot off-plan residential apartment sold for more than AED55.6 million at AED14,545 per square foot.

    Market Context

    The strong March performance comes as Dubai’s property market shows resilience amid ongoing regional tensions. Industry analysts note that the off-plan segment continues to attract both local and international investors, with move-in-ready properties and under-construction units both seeing strong demand.

    The data reinforces Dubai’s position as a leading real estate investment destination, with developers continuing to launch new projects and buyers maintaining confidence in the emirate’s long-term growth trajectory. As S&P Global Ratings recently noted, strong developer fundamentals and substantial revenue backlogs continue to support market stability.