Dubai Real Estate: Off-Plan Surge Drives 15% Rise in Transactions

Dubai’s real estate market continued its upward trajectory in August, recording 18,564 transactions worth AED 50.7 billion. This reflects a 15% increase in transaction volume and a 7% rise in value compared to August 2024.

The strong performance was powered by a sharp rise in off-plan sales, with transaction volumes climbing 25% year-on-year and values rising 11%. Secondary off-plan transactions also highlighted accelerating investor demand, reaching AED 4.1 billion across 1,978 deals : a remarkable 59% jump in volume and 69% increase in value over the same period last year.

Primary Market Momentum

Dubai’s primary market dominated activity, accounting for 12,106 transactions – a 20% increase compared to 2024. Off-plan sales were the clear driver, making up 91% of total primary transactions.

Business Bay stood out as one of the strongest performers, contributing 11% of total volume and 12% of total value. The community recorded outstanding growth of 377% in volume and 290% in value, solidifying its position as one of Dubai’s most in-demand destinations.

Dubai Investment Park also emerged as a top performer, contributing 9% of overall value and volume, underscoring its growing appeal among investors.

Secondary Market Strength

The secondary market remained robust, with AED 22.6 billion in transactions across 6,458 deals. This marks a 15% annual increase in value and a 7% increase in volume.

Emerging communities fueled much of this growth. Wadi Al Safa 4 was the standout, recording AED 786 million in sales, a massive leap from just AED 26 million in August 2024. Al Barsha South Fourth also saw exceptional gains, with values growing 154% and volumes rising 142% year-on-year.

Investor Confidence Remains High

The sustained growth in both primary and secondary segments reflects Dubai’s strong real estate fundamentals. Demand for both established hotspots like Business Bay and fast-rising communities such as Wadi Al Safa 4 demonstrates continued investor confidence and the city’s appeal as a global property hub.

Dubai’s proactive development strategies, high demand in luxury segments, and accelerated project deliveries further strengthen the outlook, ensuring the market remains attractive to both end-users and international investors.