Dubai’s property market recorded AED 50.7 billion in sales during August, according to data released by Property Finder, marking a 15 per cent year-on-year rise in transaction volume and a 7 per cent increase in value.
Cherif Sleiman, Chief Revenue Officer at Property Finder
A total of 18,564 sales were completed, with the growth driven largely by off-plan demand and supported by a resilient secondary market. Off-plan volumes climbed 25 per cent compared to August 2024, while values rose 11 per cent. Secondary off-plan transactions saw an even sharper increase, totalling AED 4.1 billion across 1,978 deals, representing a 59 per cent rise in volume and a 69 per cent increase in value.
Primary Market
The primary market remained dominant, accounting for 12,106 transactions in August, up 20 per cent on the year. Off-plan deals represented 91 per cent of this segment. While the overall value increased by 4 per cent, Business Bay stood out as a high performer, contributing 11 per cent of total transaction volume and 12 per cent of value, with year-on-year growth of 377 per cent and 290 per cent respectively. Dubai Investment Park was also a key contributor, generating 9 per cent of both overall value and volume.
Secondary Market
Secondary sales reached AED 22.6 billion through 6,458 transactions, reflecting a 15 per cent annual rise in value and a 7 per cent increase in volume. Emerging communities played a central role in this growth. Wadi Al Safa 4 registered AED 786 million in sales, a steep increase from AED 26 million in the same month last year, while Al Barsha South Fourth posted 154 per cent value growth and a 142 per cent rise in volumes.
Consumer Trends
Apartments continue to dominate buyer and renter interest, comprising nearly 80 per cent of rental searches and 59 per cent of buyer demand. Smaller units are gaining traction, with studios making up 22 per cent of rental searches but 16 per cent of buyer demand, while one-bedroom apartments accounted for 36 per cent of buyer searches and 40 per cent of rental interest. This shift indicates growing demand for affordable housing as tenants seek to mitigate rising rents by moving towards ownership.
Cherif Sleiman, Chief Revenue Officer at Property Finder, said the figures underline the strength of the market, highlighting strong investor confidence in both established and emerging communities.
