This week, our Associate Director, Matthew Macloughlin, sat down with Dubai Eye 10.38 fm for the Business Breakfast to chat all-things Q1 stats!
Starting heavy, Matt shared that this has been Espace’s best Q1 in 16 years. The Dubai residential market continues to push foward, with transaction volumes up 23% year-on-year, hitting a massive 42,274 deals across both off-plan and ready properties.
And while we’ve seen the global headlines talk about slowdowns and shifts, here in Dubai, the data says otherwise. Out of the 20 villa and townhouse communities tracked in our report, 19 recorded price increases, with an average jump of 23%.
But it’s not just about the volume, the ultra-luxury segment is having a moment. The AED 20M+ market has skyrocketed in both yearly and quarterly performance, with our team breaking records, including a AED 23.5M sale in Meadows, the highest the community has ever seen.
In fact, luxury buyers are coming in hot, especially for off-plan projects. Just last month, our Associate Director, Joren, closed 10 off-plan deals in 10 hours, which is solid proof that confidence in Dubai’s market is growing.
There’s also more residents choosing to buy instead of rent. Rental contracts are dipping while secondary market transactions climb, showing that people are putting down their roots into the market.
While off-plan is still commanding the lion’s share at 59% of total transactions, the secondary market is also seeing strong traction. This shift away from short-term speculation to more sustainable, end-user-driven growth is a sign that Dubai’s maturing market has long-term strength.
To top it off, the market is becoming more global than ever. While Western European buyers remain strong, interest from Eastern Europe is growing, reinforcing Dubai’s position as a truly international hub for investment and lifestyle.
To know more, you can watch the interview here.
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