Dubai Real Estate Defies Fitch Forecast: Allsopp & Allsopp Data Proves Market Strength
In May 2024, global ratings agency Fitch released a report forecasting a significant downturn in Dubai’s property market, predicting prices could fall by up to 15% across 2025 and into 2026 amid an anticipated supply surges.
Since then, that pessimistic outlook has not materialised and the data tells a very different story.
A year on, Dubai’s real estate market has defied the forecasted slowdown, demonstrating strong transaction growth across all major sectors according to the Dubai Land Department figures:
- Off‑Plan Sales: increased by approximately 26% year‑on‑year
- Resale Activity: Total resale transactions rising from 61,936 in 2024 to 64,277 in 2025
- Overall Transaction Volume: Dubai reached 205,940 transactions in 2025, up by 18% year-on-year
Average pricing data confirms this trend with DLD reporting price growth of around 7% in 2025, while internal Allsopp & Allsopp figures show an even stronger average sales price increase of nearly 33%, which directly correlates to people purchasing higher value properties in turn driving long-term confidence in the market.
“All of the key metrics, transaction volume, pricing and average prices show growth,” Lewis Allsopp stated. “The narrative of a slowdown simply doesn’t align with the actual data. 2025 was Dubai’s strongest year yet, and all indicators suggest that 2026 has the potential to be even better.”
The debate over the market’s trajectory was brought into sharp focus at a recent real estate conference. On a panel alongside the CEO of a prominent short-term rental operator who reiterated that prices were set to slow or decline Lewis Allsopp stood firm in his assessment of the Dubai property market and rejected the claim based on first-hand market performance - which has now been proven correct.
“We’re seeing sustained population growth, continued high-net-worth migration, and rising demand from established families, all of which are fundamentals that underpin long-term market strength rather than short-term speculation,” says Lewis Allsopp.
Reflecting this momentum, Allsopp & Allsopp’s own business results showed a 42% increase in total transaction value in 2025 compared to the previous year, setting and then breaking internal performance records throughout the year.
As world wide interest continues to rise, the increase in wealth migration to the UAE continues to rise and delivery timelines remain realistic, the evidence suggests Dubai’s residential market is entering the next phase from a position of strength, not decline.
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