Dubai’s property market continues its upward climb.
Dubai’s real estate sector continued its remarkable trajectory in April, showcasing exceptional performance marked by a substantial surge in residential sales transactions. According to a recent analysis published by Engel & Völkers Middle East, the emirate’s property market witnessed a significant uptick in activity, with the total number of residential sales reaching an impressive figure of 17,447. This robust volume represents a compelling 61 percent increase when juxtaposed against the sales figures recorded during the corresponding month in the preceding year, underscoring the sustained and significant demand that continues to characterize Dubai’s dynamic property landscape. The findings from Engel & Völkers Middle East serve as a clear indicator of the enduring appeal and investor confidence that permeate the Dubai residential market, further solidifying its position as a key global hub for real estate investment and development.
Union Properties demonstrated ongoing efforts in financial restructuring, evidenced by the robust performance figures reported for the initial quarter of 2025. During this period, the company also executed a significant debt reduction strategy, successfully repaying AED179 million, equivalent to US$48.75 million, thereby strengthening its financial position.