Dubai Real Estate Deals Drop 24% in Q1 Amid US-Iran War; April Shows Signs of Recovery
April 16: The total transaction value in March was about AED 42.63 billion.
Quarterly Trend
| Month | Transactions |
|---|---|
| January | 17,394 |
| February | 17,010 |
| March | 13,241 |
Early April Recovery Signs
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First half of March: 6,091 transactions
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First half of April: 7,284 transactions
Top Transactions (March)
| Development | Transaction Value |
|---|---|
| Skyvue (Bukadra) | ~AED 619.1 million |
| Burj Khalifa | ~AED 448.6 million |
| Al Khairan First | ~AED 336.9 million |
Expert View
Porush Jhunjhunwala, CEO of Banke International Properties, said:
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Buyers are taking more time to commit and negotiating more aggressively on pricing
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High-end residential and prime properties demonstrate resilience due to diverse international buyer pool
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Mid-segment and speculative off-plan projects are more prone to volatility
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Developers are offering new flexible payment plans or additional incentives to sustain demand
Government Integration
The General Directorate of Residency and Foreigners Affairs (GDRFA) and Dubai Land Department (DLD) have signed an agreement to integrate visa-linked real estate services into a single digital platform, covering:
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Golden Residency (10-year visa) for high-value investors
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Retiree residency for expatriates
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Property-linked residency visas for eligible buyers
The integration enables real-time verification of property ownership through DLD records, reducing paperwork and streamlining approvals.