AED 40.98 billion in Real Estate Transactions – February 2025 marks a record month with a 49.3% increase in transaction value YoY and a 35.36% rise in transaction volume YoY
Dubai’s Prime and Ultra-Luxury Real Estate Market Continues to Thrive
Dubai remains a hotspot for prime and ultra-luxury real estate, driven by consistent demand from high-net-worth individuals and international investors. The availability of premium properties is becoming increasingly selective, reinforcing an upward trajectory in property prices across the city’s most sought-after locations.
Farooq Syed, CEO of Springfield Properties, emphasizes Dubai’s status as a premier global investment hub. “Dubai is solidifying its position as a wealth magnet, attracting investors who recognize the long-term value appreciation of real estate assets in the city.”
The emirate continues to draw affluent individuals, with Dubai now hosting 212 centi-millionaires (those with over $100 million in investable assets) and 15 billionaires. Over the past decade, the city’s millionaire population has surged by 78%, positioning Dubai as a top-tier destination for international wealth. The demand for ultra-luxury residences remains particularly strong in prime waterfront developments and master-planned communities, where inventory remains constrained.
The influx of global capital is expected to drive the market further, with high-net-worth individuals prioritizing real estate as a secure long-term investment. Farooq Syed notes, “With demand on the rise, investors are securing real estate assets for sustained value and stability. Dubai’s market has demonstrated remarkable resilience, and those investing today are positioning themselves for future appreciation.”
Dubai’s growing appeal is fueled by pro-investment policies, including extended residency programs for retirees and remote professionals, the expansion of the 10-year Golden Visa initiative, and broader economic diversification efforts. These measures contribute to long-term market stability and investor confidence.
The city’s population has now surpassed 3.8 million, with an increase of 170,000 residents in 2024 alone, marking a 4.6% growth rate. This population surge is generating increased demand across all housing segments, with the ultra-prime sector experiencing the highest absorption rates.
Dubai’s off-plan real estate market remains robust, recording 8,753 sales transactions amounting to AED 19.73 billion. Simultaneously, the secondary market saw 6,136 transactions totaling AED 21.25 billion. These figures highlight the strong confidence investors have in Dubai’s property sector. Palm Jumeirah remains a standout location, where the average transaction price has climbed to AED 12.82 million, reflecting sustained demand.
“The strength of Dubai’s real estate sector lies in its solid fundamentals,” states Farooq Syed. “The city’s ability to attract global investment, coupled with its strategic regulatory initiatives, ensures a steady demand across all market segments.”
Looking ahead, Dubai’s real estate market is projected to continue attracting significant capital inflows through 2025. With demand consistently outpacing supply in prime areas, the city maintains its position as a global investment hotspot, particularly for high-net-worth individuals.
About Springfield Properties
Springfield Properties, a leading real estate firm headquartered in Dubai, is at the forefront of innovation and excellence in the industry. With a team of over 140 skilled realtors, the company is dedicated to helping investors, individuals, and businesses achieve their financial goals through a customer-focused approach.
The company prioritizes integrity and market expertise, delivering tailored solutions that cater to the unique needs of every client. By integrating advanced data-driven insights with an in-depth understanding of the UAE’s evolving real estate landscape, Springfield Properties continues to set industry benchmarks.
Since its establishment in 2008, Springfield Properties has built a reputation for reliability and market expertise, consistently exceeding client expectations. The company’s commitment to excellence and strategic foresight has positioned it as a trusted name in Dubai’s competitive real estate market.
