In the first two months of 2025, Dubai’s property market has seen remarkable activity, with two luxury homes selling for a combined total of Dh755 million. One of the homes, a villa located in Emirates Hills, sold for Dh425 million. The other super-luxury property, situated on Jumeira Bay island, fetched Dh330 million, surpassing the previous record for that area of Dh240.5 million.

This surge in sales is indicative of a strong demand for luxury properties in Dubai, with developers and individual sellers adjusting their price expectations upward. Saad Hussein, the CEO of Alaia Developments, noted that homes in Jumeira Bay have experienced significant price increases, while renovated mansions in Emirates Hills are seeing some of the highest value gains. He stated, “The price per square foot gains in these locations shouldn’t face any hurdles in heading higher.”

The trend in the luxury segment contrasts with some cooling signs observed in mid- to upper-mid popular freehold locations in Dubai, where recent weeks have shown price reductions due to substantial discounts on off-plan launches. However, the luxury end of the market appears to remain insulated from these fluctuations.

In addition to the high-value sales, the average deal prices in areas like Palm Jumeirah and Dubai Hills reflect a robust market. Palm Jumeirah recorded 111 transactions in February 2025, with an average price of Dh12.82 million, according to Springfield Properties. Meanwhile, homes in Dubai Hills had an average transaction value around Dh3.42 million.

In Dubai South, Azizi Developments recently sold an off-plan mansion for Dh42 million as part of its ‘Venice’ project. The limited selection of mansions in this project ranges in price from Dh42 million to Dh222 million, with advanced talks and sales currently underway for several other properties, according to spokesperson Tizian Raab.