Dubai’s quarterly transaction volumes stayed above 50k for a second straight quarter in 3Q 2025, according to Savills’ Dubai Residential Market 3Q 2025 report (pdf). While prices per square foot have increased, average capital values remained broadly stable, Savills said, as unit sizes have grown smaller.
Average apartment capital values have held broadly stable at around AED 1.9 mn since 1Q 2022, while average villa ticket prices are up 24% from the AED 5.8 mn average in 2024, remaining above AED 7 mn. Apartments represented 86% of all transactions — up from 75% in 1Q and 80% in 2Q — while villas and townhouses saw a dip in transaction volumes in 3Q.
Off-plan remained the anchor of activity at 69% of total transactions, with around 37k off-plan sales recorded in the quarter. The ready market saw 16.5k transactions, holding largely stable, with apartments making up 63% of ready volumes and villa volumes on the rise.
In the prime market: Villas dominated, accounting for 73% of transactions, with some 1.5k units sold above AED 10 mn in 3Q.
Location-wise: Zone 6 accounted for 37% of total transactions with locations like Jumeirah Village Circle, Dubailand, and the Al Khail corridor remaining popular. Zone 3 destinations — which include areas like JBR, Emirates Living, Al Barsha, and Marina — accounted for 29% of volumes while Business Bay, City Walk, and Downtown saw an uptick to make up 13% of transactions.
New completions accelerated, with 8.5k units completed during the quarter, bringing YTD completions near 30k — already matching full-year 2024 levels. A total of 10k units came into supply for 3Q. Another 10k units are scheduled for 4Q and the pipeline remains busy, with more than 250k units expected through 2028.
Looking ahead: Dubai is set to keep attracting global wealth, with a record inflow of 9.8k m’naires set to arrive this year. The emirate’s population is forecast to reach 5 mn by 2030 — increasing the need for more supply, however economic activity could be tempered by global uncertainty. Despite this, the UAE’s political stability, regulatory framework, and golden visa scheme are set to keep demand buoyant.