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Dubai's real estate market witnessed a significant uptick in April 2025, with off-plan property sales experiencing a 47% year-on-year increase. According to the Dubai Land Department (DLD), the total real estate transaction value for the month reached AED 46 billion, marking a 77% rise compared to April 2024 and a 23% increase from the previous month.
Off-plan transactions were a major contributor to this growth, accounting for 59% of all real estate deals in April. The volume of these transactions rose by 29% year-on-year, reflecting sustained interest from both international investors and local buyers seeking new developments.
Lewis Allsopp, CEO of Allsopp & Allsopp, highlighted the opportunities in the off-plan market, stating, "Whether you are an investor or a homeowner looking to diversify your portfolio, the off-plan market is where the real opportunity lies."
The secondary market also demonstrated robust activity. Average property prices increased by 23% month-on-month, with total transaction value rising by 41%. Year-on-year, secondary sales grew by 111% in value and 68% in volume. This segment accounted for 57% of the total transaction value in April.
Conversely, rental transactions saw a decline. The DLD reported a 24% decrease in rental volume in April, indicating a shift towards homeownership among residents. Allsopp noted, "We are witnessing a clear trend towards homeownership in Dubai, with more individuals recognizing the city as a stable and attractive place to settle and invest long-term."
This surge in off-plan sales and the overall growth in the real estate market underscore Dubai's position as a leading destination for property investment, driven by high-quality developments and investor confidence.
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