Dubai’s property market reached an unprecedented milestone in April, with transaction values soaring to Dh62.1 billion. This figure represents a remarkable 94% increase compared to the same month last year, reflecting a surge in sales, particularly driven by higher-value transactions involving villas at Palm Jebel Ali and homes sold by Emaar at The Oasis.

Demand for these premium properties was significant, with sales from Palm Jebel Ali contributing 19% of the overall sales value for the month, while The Oasis accounted for 13%. These insights come from data provided by Property Finder, which noted that despite Palm Jebel Ali and The Oasis comprising less than 2% and 4% of total transaction volumes in the offplan segment, they highlight a strong investor interest in innovative, branded communities.

The emergence of newer and more expensive projects in Dubai is encouraging for the broader market. Palm Jebel Ali has attracted a steady influx of new investors, facilitating a continuous flow of funds into the property sector.

In terms of offplan sales, direct-from-developer transactions led the market in April, totaling Dh34.2 billion, which is a staggering 124% increase from April 2024. Meanwhile, secondary sales generated Dh28 billion through over 7,700 transactions, marking a 67% rise in value and a 66% increase in volume from the previous year.

The Property Finder report highlighted a notable Dh1.45 billion land transaction in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali, while strong resale activity in sought-after communities such as Palm Jumeirah, Jumeirah Village Circle (JVC), and Dubai Marina also played a crucial role in boosting the overall transaction value.