Off-Plan Market Performance
Total Value: AED3,041.8 million
Share of Weekly Ex-Land Market: 51.8%
Off-plan activity remained concentrated in flats, which accounted for 66.4% of the segment's value, generating AED2,019.7 million. Apartments continued to anchor the off-plan market, although the segment also recorded a substantial contribution from commercial properties.
Commercial transactions reached AED531.7 million, representing 17.5% of off-plan value, exceeding the contribution from villas at AED469.3 million, or 15.4%. Hotel apartments and rooms remained a small component, contributing AED21.2 million, equal to 0.7%.
Business Bay led the off-plan market with AED314.6 million, accounting for 10.3% of total off-plan value. Its substantial lead over other areas highlights the concentration of transaction value in this established mixed-use district.
Madinat Al Mataar followed with AED194.6 million, representing 6.4% of the off-plan market. City of Arabia recorded AED129.7 million, while Al Khairan First and Al Rowaiyah First contributed AED126.5 million and AED125.7 million, respectively. Activity across these areas demonstrates the geographical breadth of Dubai's new development market.
Ready Market Performance
Total Value: AED2,834.5 million
Share of Weekly Ex-Land Market: 48.2%
Ready properties maintained a substantial share of weekly activity, with flats generating AED2,054.7 million, representing 72.5% of total ready transaction value. Villas followed at AED531.3 million, or 18.7%, while commercial properties contributed AED170.8 million, equal to 6.0%. Hotel apartments and rooms accounted for the remaining 2.7%, with AED77.7 million in transactions.
Palm Jumeirah led the ready market with AED149.9 million, accounting for 5.3% of total ready transaction value. Burj Khalifa followed with AED137.9 million, representing 4.9%, while Business Bay recorded AED127.2 million, equal to 4.5%.
Dubai Marina and Jumeirah Village Circle contributed AED79.2 million and AED77.1 million, respectively. The presence of established prime locations alongside more accessible residential communities illustrates the diversity of activity in Dubai's completed-property market.
Off-plan activity was overwhelmingly driven by sales, which generated AED2,893.4 million, accounting for 95.1% of the segment's value. Mortgages contributed just 1.4%, while gifts represented 3.5%.
The ready market displayed a different transaction structure. Sales accounted for 53.4%, or AED1,513.7 million, while mortgages represented a substantial 39.4%, equivalent to AED1,118.1 million. Gifts contributed the remaining 7.2%. This highlights the considerably greater role of mortgage transactions in the completed-property segment.
On the Micro Level
The highest off-plan apartment transaction of the week was recorded at Six Senses Residences in Dubai Marina, valued at AED18.0 million. The largest off-plan villa transaction took place in South Bay, Madinat Al Mataar, reaching AED13.0 million.
In the ready segment, the highest apartment transaction was recorded at Balqis Residences on Palm Jumeirah, where a property changed hands for AED55.0 million. The highest ready villa transaction was in Springs 9, Emirates Living, at AED7.5 million.
On the land side, Al Rowaiyah First recorded a major transaction worth AED214.5 million, making it the standout individual land deal of the week and a significant contributor to overall land activity.
Market Insights & Outlook
Week 43 recorded a moderation in Dubai's real estate market, with ex-land transaction value declining 6.0% and total transactions, including land, falling 8.6%. Nevertheless, the market generated AED5,876.4 million in ex-land activity, with a relatively balanced contribution from off-plan and ready properties.
Off-plan properties retained a narrow lead at 51.8% of total ex-land value, compared with 48.2% for ready properties. Flats dominated both segments, while commercial properties made a particularly notable contribution to off-plan activity. The substantial mortgage component in the ready market also highlights the different transaction dynamics between completed and under-construction properties.
Land transactions reached AED4,940.1 million, demonstrating significant activity in the development land market despite the moderation in ex-land transactions. Looking ahead, the balance between off-plan and ready demand, alongside the level of mortgage activity and continued land acquisitions, will be important indicators of the market's direction.
Overall, Week 43 shows that Dubai’s real estate market continued to record substantial transaction value despite a decline from the previous week. The combination of a narrower off-plan lead, significant ready market mortgage activity, and sizeable land transactions illustrates a market with multiple sources of activity rather than one driven exclusively by new project sales.
Data Source: Dubai Land Department
