Dubai Real Estate Soars with Nearly 50,000 Homes Sold in Q2 2025

Dubai’s property market remained strong in the second quarter of 2025, recording 49,606 residential sales, a 22% increase compared to the same period last year. This growth was fueled by high demand from both local and international buyers, especially in off-plan and resale properties.

A recent report by Provident Estate also revealed that sales were up by 82% compared to Q2 2023, highlighting Dubai’s growing reputation as a key global real estate destination.

This strong performance follows an impressive first quarter, which saw over 42,000 residential deals worth AED 114.15 billion, with an average sale price of AED 2.7 million. Off-plan properties led the market, while completed homes also showed solid results.

The upward trend reflects broader changes across the Gulf region. Countries like Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait are seeing similar demand due to economic diversification and investor-friendly reforms, such as relaxed foreign ownership laws and long-term visa options.

“These numbers show more than growth, they reflect how global buyers now view Dubai. People aren’t just buying homes; they’re investing in a lifestyle, in safety, and in the future of a world-class city,” said Laura Adams, Secondary Sales Director at Provident Estate.

The total property transaction value in Q2 2025 rose to AED 147.6 billion, compared to AED 103.9 billion in 2024 and AED 70.2 billion in 2023. The average sale price increased to AED 2.97 million, with price per square foot rising to AED 1,823, showing continued buyer trust in Dubai’s real estate outlook.

Provident Estate credits this momentum to strong interest in both new projects and ready-to-move-in homes. Dubai’s appeal is boosted by its modern infrastructure, business-friendly rules, and tax-efficient environment.

The report emphasizes that Dubai remains a top choice for investors seeking long-term value and international exposure.

“This report is more than just statistics. It helps investors, developers, and homeowners make informed decisions in one of the most dynamic markets in the world,” Adams added.

With ongoing reforms, lifestyle-focused demand, and steady economic progress under UAE Vision 2031, Provident expects the Dubai real estate market to continue growing throughout the rest of 2025.

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Dubai’s Luxury Property Market Sees 62.7% Surge in High-End Sales 

Dubai Property Fintech SmartCrowd Sells Majority Stake to Egypt’s Nawy

Dubai’s luxury real estate market continues to lead globally in terms of growth and demand. Between January and June 2025, a total of 3,731 properties priced above AED 10 million were sold, a 62.7% increase compared to the same period last year.

The second quarter alone saw 2,388 such high-end transactions, the highest ever recorded in a single quarter. Properties above AED 10 million now make up more than 4% of the total market, a major jump from just 1.1% in 2020. Key deals during this period included a AED 425 million mansion in Emirates Hills and a AED 300 million beachfront villa on Palm Jumeirah.

One of the firms also reported a 48% increase in transaction volume and a 40% rise in net commission income in H1 2025, mainly driven by consistent demand in both luxury and upper mid-market segments.

The brokerage also highlighted a shift in buyer nationalities. Indian buyers led the way, followed by investors from Germany, the UK, and Portugal. Interest from European countries like Spain, Austria, the Netherlands, and Portugal also grew. 

“Dubai is no longer just a hotspot for short-term investors. It’s becoming a long-term home for wealthy individuals around the world,” said Daniel Hadi, CEO of Engel & Völkers Middle East. “With a 62% increase in ultra-luxury sales and a rising number of millionaire residents, high-end real estate is now central to Dubai’s property market.”

This boom in luxury real estate reflects broader economic trends. Dubai’s population is expected to cross 4 million in 2025, its fastest growth since 2018. At the same time, the UAE is projected to welcome around 9,800 new millionaires this year, more than any other country, according to Henley & Partners. This continued inflow is driven by favorable tax laws, quality of life, and investor-friendly policies.

Dubai’s overall residential market also saw major growth in the first half of 2025. Property sales rose 22.7% year-on-year, with transaction volumes now over six times higher than in H1 2020. Off-plan sales grew by 19.9% to 54,742 deals, while secondary market activity jumped 26.8% to reach 38,168 sales.

Apartments remained the most active segment, with sales rising 18.2% to 71,879 units — making up nearly 79% of all transactions and over half the total value. Investor interest remained strong in areas like Jumeirah Village Circle, Business Bay, and Dubai Residence Complex.

For the first time in years, the secondary market’s share grew to 41.1% of total sales — showing greater confidence from end-users and long-term investors. Most of this demand was centered in Dubai Marina, Downtown Dubai, and MBR City.

Villa sales also performed well, growing by 27.6% in volume and 53.5% in value, reaching AED 78.3 billion in H1 2025. The demand was mainly driven by off-plan villa projects in suburban areas offering larger homes at better prices, especially attractive to families.

Communities like The Oasis, Grand Polo Club, and The Valley led this villa growth, showing a shift in buyer interest towards spacious homes and integrated lifestyle communities. Engel & Völkers notes that luxury villa demand is now spreading beyond traditional prime areas.

Townhouses recorded the highest growth among all residential types in H1 2025. Sales rose 57.4% to 13,619 units, and the total value increased by 64.7% to AED 42 billion — the best half-year ever for this segment. This rise was fueled by strong off-plan launches in Damac Islands, Damac Hills 2, and The Valley, targeting families and first-time homebuyers looking for space, value, and long-term livability.

Engel & Völkers expects this positive trend to continue into the second half of 2025. The introduction of the First Home Buyer Programme, supported by major developers and banks, is likely to increase demand among residents shifting from renting to owning.

Dubai’s property market remains strong due to its growing population, business-friendly environment, modern infrastructure, and clear vision for the future. In 2025, Dubai was named the world’s top destination for entrepreneurs (Global Entrepreneurship Monitor). Initiatives like the US–UAE AI Acceleration Framework also highlight Dubai’s focus on long-term growth aligned with global tech trends.

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Dubai Property Fintech SmartCrowd Sells Majority Stake to Egypt’s Nawy
Swank Development Launches Selora Residences

SmartCrowd, a Dubai-based property investment fintech, has sold a majority stake to Nawy, a growing real estate technology company from Egypt. The deal comes at a time when digital and innovative property investment methods are gaining popularity across the GCC.

SmartCrowd allows individuals to invest in real estate through fractional ownership. This means investors can buy small shares in properties and earn returns based on rental income and price growth. Dubai’s real estate sector is also seeing growing interest in tokenized property investments, where smaller investors can own portions of properties via blockchain-based platforms approved by the Dubai Land Department.

“This is a major step forward for SmartCrowd,” said Riz Ahmed, CEO of SmartCrowd. “Teaming up with Nawy helps us move from being a startup to a larger, more established business. Together, we aim to become the leading platform for real estate investment in the Middle East.”

A Pioneer in Fractional Ownership in Dubai

Founded in 2018, SmartCrowd was one of the first platforms in Dubai to offer fractional ownership. So far, it has facilitated $110 million worth of property transactions and distributed $40 million in rental income and capital gains. As of June, the company has successfully exited over 50 properties.

One of its standout services, called Flip, focuses on buying and renovating undervalued properties, then reselling them within 15 months. This has delivered an average return of 30%.

Nawy’s Ambition to Lead Regional Proptech

The acquisition supports Nawy’s goal to become a top proptech company in the Middle East and Africa. Earlier this year, Nawy raised $52 million in a Series A funding round, which included investment from UAE-based e& Capital. 

The funding is part of a $75 million plan to grow its services in areas like online property listings, mortgage solutions, brokerage, and fractional ownership.

Earlier this year, Nawy also acquired asset management and home finishing company ROA, which it relaunched as “Nawy Unlocked” to strengthen its offering and move closer to becoming a full-featured real estate super-app.

Nawy now serves over 1 million monthly users and handles a gross merchandise value of $3 billion.

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Swank Development Launches Selora Residences
Dubai Property Sales Hit Record $89 Billion

Swank Development Launches Selora Residences, a Luxury Villa Project in Dubai

Swank Development, a well-known real estate developer in Dubai, has officially launched its latest project, Selora Residence, located in the prime area of Meydan. This exclusive community offers only 30 luxury standalone villas, designed for modern, peaceful living just minutes from central Dubai.

This new launch marks a major step forward for Swank Development, which is quickly earning a reputation for creating high-quality, well-designed communities. Selora Residences caters to the growing demand for spacious, private homes in premium locations.

Prime Location with Limited Villas

Selora Residences is situated in Mohammed Bin Rashid City, one of Dubai’s most popular and fast-developing neighborhoods. The location offers easy access to Downtown Dubai, Business Bay, and Dubai International Airport. 

The community is surrounded by greenery, landscaped parks, and walking trails, providing a calm environment away from city noise.

The project features just 30 private villas, offering a sense of exclusivity. Buyers can choose from 4, 5, or 6-bedroom layouts, with prices starting at AED 9.1 million (approx. £1.8 million).

Each villa is thoughtfully designed with large windows, open-plan spaces, and elegant finishes. Swank Development has focused on both style and practicality to create homes that are luxurious yet comfortable for daily living.

Smart and Sustainable Living

Selora Residences offers smart home technology in every villa. Residents can control lighting, air conditioning, and security through their smartphones or tablets.

The homes also include eco-friendly features such as energy-efficient systems and materials, helping reduce water and electricity bills while being better for the environment.

This focus on smart, sustainable living is a key reason why Swank Development is becoming a top choice among modern homebuyers in Dubai.

Lifestyle Amenities for Everyday Comfort

Selora Residences is more than just homes—it’s a complete lifestyle community. Residents can enjoy a wide range of amenities designed to support wellness, relaxation, and connection. Key features include:

• A private clubhouse for social events
  
• A scenic infinity pool
  
• A central lake for a peaceful view
  
• Padel courts for active living
  
• Green walking trails
  
• A children’s play area
  
• A calm yoga studio
  
• A swimmable lagoon with a resort-style feel
  

These amenities are designed for families, couples, and individuals who want a balanced and fulfilling lifestyle.

A Message from Swank Development’s Founder

At the launch, Moustafa Elsaid, Founder of Swank Development, shared:

“Selora Residences are more than just houses. It’s about building a peaceful and comfortable space where people feel connected to nature and their community. Our goal is to develop homes that people love and are proud to live in.”

He also emphasized Swank’s focus on long-term value and sustainability, aiming to meet the changing needs of today’s homebuyers.

A Unique Investment Opportunity

As Dubai’s property market continues to grow, Selora Residences presents a rare investment opportunity. With a top location, limited villas, and a strong design focus, this project stands out for both personal use and investment.

Experts note a rising demand for spacious villas in central areas like Meydan. Buyers want privacy, smart features, and access to lifestyle amenities—exactly what Selora offers.

Swank Development expects strong interest from both local and international buyers, especially from the Gulf region, Europe, and Asia.

About Swank Development

Swank Development is a Dubai-based real estate company known for building premium, future-ready communities. The developer focuses on blending smart design, technology, and sustainability to create homes that suit modern lifestyles.

With Selora Residences, Swank is showing how to combine beauty and practicality in one project. The company continues to grow and aims to become one of Dubai’s most trusted developers.

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Dubai Property Sales Hit Record $89 Billion

Dubai Land Department partners with Crypto.com to launch digital real estate investment initiative

Book Your Villa

Bookings for Selora Residences are now open. Interested buyers can request brochures, schedule private tours, or speak directly with Swank’s sales team. Due to high interest and limited units, early action is recommended.

The Dubai Land Department (DLD) has signed an agreement with Crypto.com to develop systems that make it easier for investors to buy and sell real estate using digital currencies.

This partnership aims to create a fully digital ecosystem that supports key processes like investor verification, secure storage (custody), transaction settlement, and real estate tokenisation. The initiative is part of the broader Dubai Real Estate Strategy 2033, which targets AED 1 trillion ($272 billion) in property transactions.

The agreement was signed by Omar BuShahab, Director General of the DLD, and Mohamed Al Hakim, authorised signatory of Crypto.com, in the presence of officials from both parties, according to the Dubai Media Office.

According to the statement, by adopting advanced technologies like blockchain and virtual assets, Dubai is enhancing its appeal to global investors and moving closer to its ambitious real estate goals.

The collaboration will help boost market liquidity and introduce smart, tech-driven investment options. It also focuses on building a secure digital framework for trading real estate assets and handling all related procedures digitally.

Dubai is actively pushing forward with the adoption of digital currencies. In May, the government announced plans to enable the payment of official fees using digital assets, aligning with its broader goal of making 90% of all transactions cashless by 2026.

This initiative follows the city’s pilot launch of a real estate tokenisation project in March, which aims to convert physical real estate into digital tokens using blockchain technology.

In addition, DLD is working on a separate program to help first-time investors enter the property market by partnering with developers and banks.

As part of this new partnership:

• The DLD will explore platforms and technologies proposed by Crypto.com in areas like digital asset trading and real estate tokenisation.

• DLD will also provide logistical and administrative support for joint projects.

• Crypto.com will offer tech solutions for integrating digital currencies in real estate, provide advisory services, and supply tools for data analysis and project reporting.

• It will also ensure legal compliance by preparing required documents and securing approvals from relevant authorities.
  

This move reflects Dubai’s commitment to becoming a global hub for digital finance and smart property investment.

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Dubai Property Sales Hit Record $89 Billion in First Half 2025
Dubai’s Real Estate Market Sees Strong Demand for Ready Villas in May–June Surge

Dubai Property Sales Hit Record $89 Billion in First Half 2025

Dubai’s real estate market continues its strong upward trend, with property sales in the first half of 2025 reaching a record AED 327 billion ($89 billion), according to UAE-based brokerage fäm Properties.

This marks a 40% year-on-year increase in total sales value, driven by an exceptional second quarter. Q2 2025 alone recorded 53,118 transactions worth AED 184 billion — the highest ever for a single quarter. This is 25% higher than the previous peak of AED 147.2 billion in Q4 2024, and 5.4% more transactions than the last record of 50,400 in Q3 2024.

Data from DXBinteract shows growth across all segments of the real estate market. Plot sales stood out with 1,384 deals worth AED 32.2 billion — up 49% in volume compared to Q2 2024, and 27% higher than Q1 2025.

Villas also performed strongly, with 10,019 units sold for AED 66.5 billion — a 38.3% increase in volume from last year. Apartment sales reached AED 81.6 billion, rising 18.7% compared to Q2 2024 and 22.7% over Q1 2025.

Commercial properties recorded AED 3.6 billion in sales from 1,252 transactions, reflecting a 12.5% rise in volume compared to the same period last year.

The median property price reached AED 1,607 per square foot — a clear jump from AED 958 in 2021, and steadily rising each year since.

“These results highlight the continued strength of Dubai’s real estate sector,” said Firas Al Msaddi, CEO of fäm Properties. “Dubai remains a leading destination for global investors, supported by strong local and regional demand.”

Property sales in Q2 over the past five years show a steady rise:

• AED 10.8 billion (5,400 deals) in 2020

• AED 36.6 billion (15,400 deals) in 2021

• AED 58.2 billion (22,100 deals) in 2022

• AED 90.5 billion (31,100 deals) in 2023

• AED 123.9 billion (43,400 deals) in 2024

Among communities, Me’Aisem Second led in value, recording AED 14.94 billion from 844 transactions. The most expensive deal was a luxury villa on Palm Jumeirah sold for AED 365 million. The highest-priced apartment was sold for AED 170 million in Peninsula Dubai Residences, Tower 1.

In terms of price segments:

• 32% of transactions (16,967 units) were priced between AED 1–2 million

• 26% (13,687 units) were below AED 1 million

• 17% (9,163 units) ranged between AED 2–3 million

• 13% (6,804 units) were between AED 3–5 million

• 12% (6,496 units) were above AED 5 million

Notably, new property sales (from developers) made up 66% of all transactions, while re-sales in the secondary market accounted for 34%.

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Dubai’s Real Estate Market Sees Strong Demand for Ready Villas
Shamal Awards AED 1 Billion Main Construction Contract for Dubai Harbour Residences