UAE realty nears $700в milestone

The UAE's real estate market is on course to approach a landmark valuation of nearly $700 billion in 2025, underscoring its role as a cornerstone of the nation's economic growth.

- Issac John [e-mail]

Dubai's property sales alone touched Dh153.7 billion in the second quarter.

According to Statista, the sector is projected to reach $693.53 billion by the end of the year, driven by sustained foreign investor appetite, expanding off-plan sales, and a robust pipeline of development projects.

This sheer scale not only underscores the UAE's status as one of the world's most dynamic property markets but also highlights the growing sophistication of its supporting real estate services industry, which Mordor Intelligence estimates at $18.45 billion this year, set to expand steadily towards 2030.

The sector's momentum is evident in transaction volumes and pricing trends across both Dubai and Abu Dhabi.

JLL reported that off-plan sales dominated in the first half of the year, with new launches and secondary market activity spurring record levels of deals. Dubai's property sales alone touched Dh153.7 billion in the second quarter, marking a 44.5 per cent year-on-year surge, while average sales prices in Abu Dhabi climbed 12.1 per cent in the same period. With around 32,400 residential units under construction in the two emirates during the latter half of 2025, the pipeline is set to meet rising demand while confirming developers' confidence in long-term market fundamentals.