June 5, 2025

Palm Jumeirah and Downtown Dubai Dominate May’s Luxury Sales

Dubai’s property market hit a new high in May 2025, recording AED 54.4 billion ($14.8 billion) in transactions – a 40% jump from the same month last year. A total of 17,475 properties were sold, spanning both off-plan projects and ready homes. Developers stayed on schedule with new launches, mortgage rates held below 4%, and foreign investors remained active across the market.

Off-plan properties made up 60.2% of total sales, showing growing confidence in Dubai’s long-term development plans and flexible payment structures. Buyers were drawn to well-planned communities and phased neighborhood launches. Meanwhile, resale properties accounted for 39.8%, with strong demand for villas and branded residences in established areas.

Among mid-range communities, Jumeirah Village Circle led the charts with 1,800 units sold at an average price of AED 1.07 million ($291,000). Family-friendly areas like Dubai Hills Estate and Business Bay also saw steady interest, as homebuyers searched for value in central and suburban zones with solid infrastructure and lifestyle perks.

On the luxury end, Palm Jumeirah and Downtown Dubai dominated high-value sales. These prime locations saw average prices climb past AED 5 million ($1.4 million), driven by branded apartments and waterfront developments. The steady flow of premium transactions points to a resilient demand for upscale living in one of the world’s most dynamic real estate markets.

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