Dubai real estate transactions surge to over $11bn in February

Property transactions in Dubai reached a whopping $11.16 billion (AED 40.98 billion) in February, which also saw strong demand for prime and ultra-luxury residences, an industry report said.

The off-plan segment showed strong performance in the month, with 8,753 sales recorded, totalling AED 19.73 billion, while the secondary market recorded 6,136 transactions worth AED 21.25 billion, the report by Springfield Properties said.

Dubai real estate transactions surge to over $11bn in February; reflects strong market momentum: Report
The report also said that demand for prime and ultra-luxury residences remains strong, with sustained interest from Dubai’s elite and international investors

Dubai’s real estate sector
Dubai's real estate sector is poised to maintain strong capital inflows through 2025. Image: Shutterstock
Property transactions in Dubai reached a whopping $11.16 billion (AED 40.98 billion) in February, which also saw strong demand for prime and ultra-luxury residences, an industry report said.

The off-plan segment showed strong performance in the month, with 8,753 sales recorded, totalling AED 19.73 billion, while the secondary market recorded 6,136 transactions worth AED 21.25 billion, the report by Springfield Properties said.


Dubai property market booms
The sustained interest in both markets reflect growing investor confidence, with Palm Jumeirah standing out as an example of continued demand, where the average transaction price reached 12.82 million, the report said.

The report also said that demand for prime and ultra-luxury residences remains strong, with sustained interest from Dubai’s elite and international investors.

The availability of high-value properties is becoming increasingly selective, reinforcing upward pricing trends across the city’s most sought-after districts, it said.

According to Farooq Syed, CEO of Springfield Properties, the latest figures reaffirm Dubai’s status as a leading destination for global wealth and long-term real estate investment. “Dubai’s position as a premier wealth hub is only solidifying, with the city attracting global investors who are securing assets in anticipation of continued value growth,” he said.

The report also said Dubai continues to attract global high-net-worth individuals (HNWIs), with the emirate now home to 212 centi-millionaires (individuals with investable assets exceeding $100 million) and 15 billionaires.

The growing base of affluent individuals is significantly driving the demand for ultra-luxury properties, particularly in sought-after locations such as waterfront developments and master-planned communities, where supply remains limited, Springfield Properties said.

The influx of global wealth is expected to continue shaping the market, with high-net-worth individuals prioritising long-term investment in real estate to preserve wealth and capital appreciation, it added.

“As demand continues to rise, investors are seeking sustained value and security in Dubai’s real estate market. This is a market that has proven its resilience, and those who invest now are securing assets that will continue to appreciate in the years to come,” Syed said.

He said Dubai’s appeal continues to strengthen, driven by pro-investment government policies such as residency permits for retirees and remote workers, the expansion of the 10-year Golden Visa programme, and the UAE’s broader economic diversification efforts.

The report also said Dubai’s real estate sector is poised to maintain strong capital inflows through 2025.

“The city remains a premier destination for global property investment, with demand consistently outpacing supply in the most sought-after locations for high-net-worth individuals (HNWIs),” it said.