In March, a total of 12,055 transactions were recorded in Dubai, with a total value of AED 35.65 billion. The average price stood at AED 1,908 per sqft.
Compared to the beginning of the year, this represents lower market activity. However, January and February data showed a very strong start to the year. In January, total sales reached 15,780 transactions with a value of AED 55.27 billion. February followed with 15,592 transactions and a total value of AED 46.26 billion.
The decline in activity in March therefore does not come as a surprise. It reflects the current market situation as well as more cautious behavior from some investors. What is important, however, is that the price level remains stable. The average price per square meter has been moving within a narrow range since the beginning of the year and shows no significant fluctuations.
This confirms that Dubai’s market is not driven by short term demand, but by long term fundamentals. Lower transaction volumes therefore do not indicate a drop in property values, but rather a transition into a calmer phase.
This is also supported by current market insights. While transaction volumes are decreasing and there are occasional discounted sales, there is no widespread decline in prices. Investors remain active, particularly in the premium segment, where large transactions continue even in times of uncertainty. Most property owners are not selling, meaning the market is not under pressure from sell offs. At the same time, some investors are taking advantage of the current situation to find opportunities and enter the market under more favorable conditions.
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