October Sees Dubai Secondary Market Surge to AED 20 Billion, Signaling Mature Sector

The October Market Snapshot is available to download now

Dubai, UAE - Monday 3rd November - Dubai’s real estate market is celebrating another powerful performance, with AED 46 billion in total sales transactions recorded in October, a steady 4% growth from September, according to Dubai Land Department (DLD) data.

The standout trend is the exceptional growth of the secondary (resale) market, which saw its total sales value soar by 20% and its transaction volume increase by 13% month-on-month. This exceptional momentum underscores a growing preference, with both end users and investors increasingly prioritising completed, ready-to-move-in properties that offer immediate benefits such as instant rental income or lifestyle improvements.

The health of the market is evident across the entire price spectrum. The average secondary market sales price now stands at AED 3.5 million, closely aligned with Allsopp & Allsopp’s internal data. The AED 1 to 3 million bracket expanded by 18% month-on-month, now accounting for 45% of all transactions. Notably, sales in the AED 0 to 1 million segment surged by a massive 58%. This trend clearly shows that entering the Dubai property market is now more accessible than many international buyers assume, fueling strong interest from first-time buyers and yield-seeking investors.

At the luxury end, demand is equally robust. October saw Allsopp & Allsopp complete several ultra-high-value resale transactions, including a Signature Villa on Palm Jumeirah for AED 80 million, a villa in Sanctuary Falls, Jumeirah Golf Estates, for AED 32 million, and a property in Lime Tree Valley for AED 25.75 million. These landmark deals cement Dubai's status as a top global ultra-prime destination where high-net-worth (HNW) individuals view luxury real estate as a critical long-term wealth asset.

When evaluated against off-plan, the secondary market accounted for 43% of the total market value in October, despite making up 31% of total transactions. This significant value share highlights the depth, strong liquidity, and increasing maturity of Dubai's resale sector. Year-on-year, the appreciation in the secondary market is notable, villa sales prices are up 13% and apartment prices have risen 7%. Established communities like Jumeirah Village Circle, Business Bay, and Jumeirah Village Triangle remain powerhouses for both sales and rentals.

While the rental market saw a slight cooling in volumes, new contracts down 6% and renewals down 15% month-on-month, rental prices continue their upward trajectory. Apartment rents increased by 8%, while villa and townhouse rents rose by a significant 17%, fuelled by limited supply in family communities and the ongoing influx of expat families. This combination of rising rents and soaring resale activity indicates a crucial market evolution. Many long-term tenants are now actively transitioning into buyers, finding resale properties an increasingly attractive alternative to high rental costs.

“For 17 years, Allsopp & Allsopp has had a specialised focus in the secondary market - long before Dubai became one of the most sought-after investment destinations in the world. Resale is where we built our business, and it remains the core of what we do. What we’re seeing today is a confident, mature market with real depth: real end users, real long-term investors, and tangible value appreciation across all established communities. It’s a truly exciting time for property ownership here”. said Lewis Allsopp, Chairman, Allsopp & Allsopp

Highlights:

• 12% increase in the average price per sq. ft year-on-year (DLD Data)
• Secondary market sales transaction value increase of 20% month-on-month (DLD Data)
• 25% increase in villa/TH total sales transaction volume month-on-month (DLD Data)
• Average villa/TH price has increased by 57% year-on-year (Allsopp & Allsopp Data)
• 58% increase in sales within the price bracket of AED 0-1 million (Allsopp & Allsopp Data)
• Average rental price for villa/TH increased by 17% year-on-year (Allsopp & Allsopp Data)

About Allsopp & Allsopp

Allsopp & Allsopp is Dubai’s highest-awarded independent real estate agency. Founded in 2008 by Lewis Allsopp (Chairman) and Carl Allsopp (CEO), the company is recognised for its innovative, transparent approach to real estate, using data-driven tools and expert insights to help clients make informed property decisions.

For media enquiries, please contact:

Emily Bates, PR & Communications Manager

e.bates@allsoppandallsopp.com

+971 58 598 6637