Business Bay Apartments H1 2025 Resale Report
(1st January – 30th June 2025)
AED 2,046
Average price per sq. ft
Compared to H1 2024
1948 transactions
AED 3.69B total resale value
Apartments in Business Bay H1 2025 Resale Report
Executive Summary
One-bedroom units led resale activity with 866 transactions in H1 2025 at an average price of AED 1,526,755, though transaction volume declined 6.0% year-over-year. Studio apartments recorded 514 transactions in H1 2025 at an average price of AED 1,070,454, with volume down 5.0% year-over-year. Two-bedroom units saw 431 transactions in H1 2025 at an average price of AED 2,353,627, with volume rising 16.0% year-over-year, while three-bedroom apartments recorded 108 transactions at an average price of AED 4,355,334, up 6.0% year-over-year. Four-bedroom units showed 22 transactions in H1 2025 at an average price of AED 8,871,052, with volume surging 83.0% year-over-year. Off-plan primary market transactions totaled 3,059 in H1 2025 with a combined value of AED 7,996,071,064, compared to 1,948 resale transactions in the same period.
Key Facts
- In H1 2025, the average resale price per square foot for apartments in Business Bay reached AED 2,046, representing a year-over-year increase of 12.0%.
- Business Bay recorded 1,948 resale apartment transactions in H1 2025, a marginal decline of 0.1% compared to the same period in 2024.
- The total value of resale apartment transactions in Business Bay during H1 2025 amounted to AED 3,689,723,669, up 16.6% year-over-year.
- Ready properties accounted for 68.3% of resale transactions in Business Bay during H1 2025, while off-plan completions represented 31.7%.
- One-bedroom apartments led resale activity in Business Bay with 866 transactions in H1 2025, averaging AED 1,526,755 per unit, though transaction volume declined 6.0% year-over-year.
- Two-bedroom apartment resale transactions in Business Bay rose 16.0% year-over-year to 431 units in H1 2025, with an average price of AED 2,353,627.
- Studio apartments recorded 514 resale transactions in Business Bay during H1 2025 at an average price of AED 1,070,454, down 5.0% in transaction count year-over-year.
Key Performance Indicators
Key Performance Indicators
Resale - H1 2025
Rental - H1 2025
Source: Property Monitor, Metropolitan Premium Properties Analysis
Price Trend
Price Trend - Business Bay Apartments
Average Price per Sq. Ft - Business Bay Apartments
| Period | Average Price per Sq. Ft (AED) |
|---|---|
| H2 2023 | 1,752 |
| H1 2024 | 1,825 |
| H2 2024 | 1,918 |
| H1 2025 | 2,046 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did Business Bay Apartments transactions split between off-plan and ready in H1 2025?
In H1 2025, ready apartment transactions dominated Business Bay's market, accounting for 68.3% of all deals and 69.1% of total transaction value, while off-plan sales represented 31.7% of transactions and 30.9% of value. The near-identical split between transaction count and value share indicates that average deal sizes for off-plan and ready apartments in Business Bay were broadly comparable during the period. Ready properties commanded the majority of buyer activity, capturing more than two-thirds of both transaction volume and monetary flow in the Business Bay apartment segment during H1 2025.
Which Apartments bedroom configurations recorded the highest resale activity in Business Bay during H1 2025?
In Business Bay during H1 2025, one-bedroom apartments dominated apartment activity with 866 transactions at an average price of AED 1,526,755, though the segment recorded a 6.0% year-on-year decline in transaction count. Studio units followed with 514 sales averaging AED 1,070,454, while two-bedroom properties captured 431 transactions at AED 2,353,627 and registered a 16.0% year-on-year increase in activity. Across segments with reliable data, average prices ranged from AED 1,070,454 for studios to AED 8,871,052 for four-bedroom units, which posted an 83.0% year-on-year surge in transaction volume despite accounting for only 22 sales.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| Studio | AED 1,070,454 | +12.3% | 514 | -5% |
| 1 B/R | AED 1,526,755 | +8.9% | 866 | -6% |
| 2 B/R | AED 2,353,627 | -2.1% | 431 | +16% |
| 3 B/R | AED 4,355,334 | +26.5% | 108 | +6% |
| 4 B/R | AED 8,871,052 | +82% | 22 | +83% |
| 5 B/R | AED 31,500,000 | +15.2% | 4 | +100% |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - H1 2025
| Bedroom Type | Transactions |
|---|---|
| Studio Bed | 514 |
| 1 B/R Bed | 866 |
| 2 B/R Bed | 431 |
| 3 B/R Bed | 108 |
| 4 B/R Bed | 22 |
| 5 B/R Bed | 4 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in Business Bay perform in H1 2025?
In H1 2025, off-plan apartment transactions in Business Bay totaled 3,059 units valued at AED 7,996,071,064, representing a 0.2% decline in volume and a 3.1% decrease in value compared to the same period in 2024. Primary market activity significantly outpaced resale transactions during the period, with off-plan sales accounting for roughly 61% of total transaction volume and 68% of total transaction value in the community. The off-plan segment recorded 3,059 transactions versus 1,948 resale transactions, while off-plan value of AED 7.99 billion exceeded resale value of AED 3.69 billion by a factor of approximately 2.2 times.
Rental Summary
Rental Contract Distribution - H1 2025
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| Studio | AED 69,179 | +6.2% | 1651 | +47% |
| 1 B/R | AED 93,622 | +5.6% | 2853 | +53% |
| 2 B/R | AED 131,201 | +7.5% | 2078 | +54% |
| 3 B/R | AED 182,528 | +10.7% | 649 | +44% |
| 4 B/R | AED 292,675 | +10.1% | 55 | +45% |
| 5 B/R | AED 1,234,996 | -8% | 3 | +50% |
| 6 B/R | AED 660,000 | +10% | 1 | 0% |
| 7 B/R | AED 1,000,000 | N/A | 1 | N/A |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- H1 2025
Dubai's residential market recorded 91,974 sale transactions and 288,259 rental contracts in H1 2025, with rental activity representing the larger share of total property transactions. Initial sales accounted for 64.5% of all sale transactions across Dubai, while resale properties comprised 35.5% during the period. In the rental market, contract renewals dominated at 65.1% of the 288,259 rental transactions, compared to 34.9% for new rental contracts, indicating a market characterized by tenant retention alongside continued new leasing activity.
Dubai Overall Market Context
Dubai Apartments Market Totals - H1 2025
| Category | Percentage |
|---|---|
| Initial Sale | 64.5% |
| Resale | 35.5% |
| Category | Percentage |
|---|---|
| New | 34.9% |
| Renewal | 65.1% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Frequently Asked Questions
What was the average price per square foot for resale apartments in Business Bay during H1 2025?
How many resale apartment transactions occurred in Business Bay in H1 2025?
What was the total resale transaction value for Business Bay apartments in H1 2025?
What was the average resale price for a one-bedroom apartment in Business Bay in H1 2025?
What was the average resale price for a two-bedroom apartment in Business Bay in H1 2025?
What share of Business Bay apartment resales in H1 2025 were ready properties versus off-plan?
How many off-plan primary market apartment transactions were recorded in Business Bay in H1 2025?
Methodology
This analysis draws on transactional data from Property Monitor's register of Dubai Land Department resale registrations for apartments in Business Bay covering the first half of 2025, from January 1 through June 30. Year-on-year comparisons reference the corresponding six-month period in 2024, with percentage changes calculated on a like-for-like basis using the same calendar window. Figures presented include average price per square foot, transaction count, and aggregate deal value for completed resale transfers, alongside comparative counts and values for off-plan sales recorded in the same timeframe. One methodological limitation involves the temporal lag between contract signing and formal registration at the Dubai Land Department, meaning that prices reported for H1 2025 may reflect negotiation and agreement dates from preceding weeks or months, potentially smoothing short-term volatility observable in real-time market activity.
Glossary
- PSF
- Price per square foot. A standardized metric used to compare property values by dividing the total sale price by the unit's area in square feet.
- Off-plan
- Properties sold by developers before construction is complete, typically purchased through payment plans during the development phase.
- Secondary market
- The resale market where properties are sold between private parties or investors after the initial developer sale, including both completed and under-construction units.
- Ready property
- A completed unit that is immediately available for occupancy or rental, having received all necessary approvals and handover from the developer.
- AED/sqft
- The price expressed in United Arab Emirates Dirhams per square foot, the standard currency and measurement unit for Dubai property transactions.
- Resale Off-Plan Origin
- A transaction where a buyer purchases an off-plan unit from an original developer buyer before construction completion, transferring the unit in the secondary market.
- Resale
- A completed property sold between private parties in the secondary market, where neither party is the original developer.
- Business Bay
- A mixed-use freehold district in central Dubai featuring high-rise residential apartments and commercial towers along the Dubai Water Canal extension.
- Studio apartment
- A single-room residential unit combining living and sleeping areas with a separate bathroom, typically ranging from 300 to 600 square feet in Dubai developments.
- Transaction type
- A classification distinguishing sales of off-plan properties still under construction from existing properties that have received completion certificates.
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