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Dubai South recorded the highest residential property transaction volumes in Dubai for the third consecutive month in May, reinforcing its position as one of the emirate’s fastest-growing real estate markets. According to a market analysis by fäm Properties, the area registered 1,357 sales transactions worth AED 1.6 billion during the month, representing a 15.9% increase in volume over April. Residential sales transactions in Dubai South have risen by 36.4% since the end of February, driven largely by sustained growth in the off-plan market. Across Dubai, property sales reached 10,281 transactions valued at AED 28.9 billion in May, with primary market sales continuing to dominate activity. The latest figures underline strong demand from both investors and end-users across the emirate’s residential sector.
Dubai South maintained its position as Dubai’s best-performing residential real estate market in May, recording the highest number of property transactions in the emirate for the third consecutive month amid continued growth in both investor and end-user demand.
According to a market report released by fäm Properties, Dubai South registered 1,357 residential sales transactions worth AED 1.6 billion during May, representing a 15.9% increase in transaction volume compared with April. The performance also marked the seventh consecutive month in which the master-planned development featured among Dubai’s top five performing residential markets.
The report highlighted a sustained rise in activity since the onset of the regional conflict at the end of February. Residential property sales transactions in Dubai South increased by 36.4% over the three-month period, supported largely by strong demand in the off-plan segment.
Developer-led sales continued to account for the majority of activity in the district. Off-plan transactions rose by 24.8% in May to reach 1,233 sales, following a 35.71% increase recorded in April. Combined, developer sales have increased by 57.87% since the end of February.
Firas Al Msaddi, Chief Executive Officer of fäm Properties, stated that the sustained level of activity reflected the area's position as an integrated urban and business hub. He indicated that transaction growth demonstrated continued confidence among investors and end-users in Dubai’s long-term development plans, particularly given the ongoing expansion of Dubai World Central, which is planned to become the world’s largest airport.
Data from DXBinteract showed that Dubai’s wider property market recorded 10,281 sales transactions worth AED 28.9 billion during May. Apartment sales accounted for 8,772 transactions valued at AED 14.6 billion, while 1,037 villa transactions generated AED 7.2 billion in sales. The market also recorded 133 plot transactions worth AED 4.2 billion.
The commercial property segment, including offices and retail units, registered 335 transactions with a combined value of AED 2.9 billion. Average property prices across Dubai increased by 3% year-on-year to AED 1,650 per sq ft.
Primary market sales continued to dominate activity, accounting for 7,595 transactions valued at AED 18.5 billion, compared with 2,686 secondary market transactions worth AED 10.4 billion.
Among luxury transactions, the highest-priced villa sold during May was a property in Signature Villas on Palm Jumeirah for AED 145 million. The most expensive apartment transaction involved a unit at Solaya 5 in Jumeirah First, which sold for AED 113 million. Other high-value apartment sales included properties at Solaya 6 at La Mer for AED 106 million and One Casa at Al Wasl on the Dubai Water Canal for AED 101 million.
Dubai South led all locations in transaction volumes during May, followed by Wadi Al Safa 3 with 983 transactions worth AED 1.7 billion, Wadi Al Safa 5 with 631 transactions worth AED 833.9 million, Al Barsha South Fourth with 551 transactions valued at AED 690.4 million and Jebel Ali First with 541 transactions generating AED 920.9 million in sales.
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