City Walk Q1 2025 Resale Report
(1st January - 31th March 2025)
AED 2,712
Average price per sq. ft
Compared to Q1 2024
120 transactions
AED 446.7M total resale value
Apartments in City Walk Q1 2025 Resale Report
Executive Summary
One-bedroom apartments led resale activity in City Walk Apartments during Q1 2025 with 50 transactions and an average price of AED 2,268,640, representing a 22.0% increase in transaction count year-over-year. Two-bedroom units recorded 48 transactions in Q1 2025 at an average price of AED 3,986,910, with transaction count rising 2.0% year-over-year. Three-bedroom apartments saw 21 transactions in Q1 2025 at an average price of AED 6,598,655, with transaction count declining 16.0% year-over-year.
Off-plan properties accounted for 58.3% of all transactions in City Walk Apartments during Q1 2025, while ready properties made up 41.7% of deals. The off-plan primary market in City Walk Apartments recorded 24 transactions in Q1 2025, totaling AED 135,702,000 in value.
Key Facts
- In Q1 2025, the average resale price per square foot in City Walk Apartments reached AED 2,712, marking a 21.3% year-over-year increase.
- City Walk Apartments recorded 120 resale transactions in Q1 2025, representing a 2.6% year-over-year increase.
- The total resale value for City Walk Apartments in Q1 2025 was AED 446,675,437, up 1.5% year-over-year.
- Off-plan units accounted for 58.3% of City Walk Apartments resale transactions in Q1 2025, while ready properties comprised 41.7%.
- One-bedroom units led City Walk Apartments resale activity in Q1 2025 with 50 transactions at an average price of AED 2,268,640, while transaction count grew 22.0% year-over-year.
- Two-bedroom apartments in City Walk recorded 48 resale transactions in Q1 2025 at an average price of AED 3,986,910, with transaction count increasing 2.0% year-over-year.
- Three-bedroom units in City Walk Apartments saw 21 resale transactions in Q1 2025 at an average price of AED 6,598,655, with transaction count declining 16.0% year-over-year.
Key Performance Indicators
Key Performance Indicators
Resale - Q1 2025
Rental - Q1 2025
Source: Property Monitor, Metropolitan Premium Properties Analysis
Price Trend
Price Trend - City Walk Apartments
Average Price per Sq. Ft - City Walk Apartments
| Period | Average Price per Sq. Ft (AED) |
|---|---|
| Q1 2024 | 2,235 |
| Q2 2024 | 2,409 |
| Q3 2024 | 2,399 |
| Q4 2024 | 2,523 |
| Q1 2025 | 2,711 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did City Walk Apartments transactions split between off-plan and ready in Q1 2025?
In Q1 2025, off-plan transactions accounted for 58.3% of all deals in City Walk Apartments, while ready properties comprised 41.7%, indicating a moderate preference for off-plan purchases by transaction count. However, when measured by transaction value, the distribution was nearly balanced, with off-plan representing 49.2% and ready properties 50.8% of total AED volume. This 9.1 percentage point gap between transaction share and value share suggests that the average deal size for ready properties in City Walk Apartments exceeded that of off-plan units during the quarter.
Which Apartments bedroom configurations recorded the highest resale activity in City Walk during Q1 2025?
In Q1 2025, one-bedroom units led transaction activity at City Walk Apartments with 50 sales, averaging AED 2,268,640 and marking a 22.0% year-on-year increase in count. Two-bedroom apartments followed closely with 48 transactions at an average price of AED 3,986,910, while three-bedroom units recorded 21 sales at AED 6,598,655, representing a 16.0% decline in transaction volume. Average prices across reportable segments ranged from AED 2,268,640 for one-bedroom units to AED 6,598,655 for three-bedroom configurations, spanning approximately AED 4.33 million.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| Studio | AED 3,300,000 | N/A | 1 | N/A |
| 1 B/R | AED 2,268,640 | +4.6% | 50 | +22% |
| 2 B/R | AED 3,986,910 | +2.9% | 48 | +2% |
| 3 B/R | AED 6,598,655 | +24.4% | 21 | -16% |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - Q1 2025
| Bedroom Type | Transactions |
|---|---|
| Studio Bed | 1 |
| 1 B/R Bed | 50 |
| 2 B/R Bed | 48 |
| 3 B/R Bed | 21 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in City Walk perform in Q1 2025?
In Q1 2025, City Walk Apartments recorded 24 off-plan transactions totaling AED 135,702,000 in primary market sales. Off-plan activity represented a smaller segment of the community's overall market during the quarter, with resale transactions numbering 120 and reaching AED 446,675,437 in total value. The off-plan segment accounted for approximately one-fifth of total transaction count and less than one-quarter of combined transaction value in City Walk Apartments for the period.
Rental Summary
Rental Contract Distribution - Q1 2025
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| 1 B/R | AED 156,720 | +9.9% | 71 | +103% |
| 2 B/R | AED 233,077 | +12.2% | 95 | +61% |
| 3 B/R | AED 308,695 | +23.2% | 53 | +56% |
| 4 B/R | AED 413,309 | +5.1% | 3 | +50% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- Q1 2025
Dubai's property market recorded 42,310 sale transactions and 155,219 rental transactions in Q1 2025, with rental activity comprising the majority of transactional volume. Initial sales accounted for 62.6% of all Dubai sale transactions, while resale properties represented 37.4% of the market during the quarter. In the rental segment, contract renewals dominated at 65.8% of Dubai's 155,219 rental transactions, compared to 34.2% for new rental contracts in Q1 2025.
Dubai Overall Market Context
Dubai Apartments Market Totals - Q1 2025
| Category | Percentage |
|---|---|
| Initial Sale | 62.6% |
| Resale | 37.4% |
| Category | Percentage |
|---|---|
| New | 34.2% |
| Renewal | 65.8% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Frequently Asked Questions
What was the average price per square foot for resale apartments in City Walk during Q1 2025?
How many resale apartment transactions occurred in City Walk in Q1 2025?
What was the total resale transaction value for City Walk apartments in Q1 2025?
What was the average price for a one-bedroom resale apartment in City Walk in Q1 2025?
What was the average price for a two-bedroom resale apartment in City Walk during Q1 2025?
What was the average price for a three-bedroom resale apartment in City Walk in Q1 2025?
What percentage of City Walk apartment transactions in Q1 2025 were off-plan versus ready units?
What was the value of off-plan primary market apartment sales in City Walk during Q1 2025?
Methodology
The resale market data presented in this report derives from Property Monitor's aggregation of Dubai Land Department registration records for City Walk apartment transactions occurring between January 1 and March 31, 2025. Year-on-year comparisons reference the equivalent quarter in 2024, with percentage changes calculated from the corresponding prior-year averages and counts. Readers should note that resale statistics reflect only completed transfers recorded at registration, meaning transactions may appear in the dataset several weeks after initial sale agreement, which can affect the temporal precision of market turning points and may not capture all agreed sales that have not yet reached formal registration.
Glossary
- PSF
- Price per square foot; a standardized metric dividing a property's total sale price by its area in square feet, used to compare values across different unit sizes.
- Off-plan
- Properties purchased directly from developers before or during construction, typically with staggered payment plans tied to construction milestones.
- Secondary market
- The resale market where existing properties change hands between private parties rather than being sold by the original developer.
- Ready property
- Completed, habitable units available for immediate occupancy or handover, as opposed to properties still under construction.
- Resale
- A transaction where an owner sells a previously purchased property to another buyer, whether the unit originated as off-plan or ready.
- AED/sqft
- United Arab Emirates Dirham per square foot; the local currency denomination of the PSF metric used throughout Dubai's property market.
- Resale Off-Plan Origin
- A subcategory of resale transactions where the seller originally purchased the unit off-plan from a developer and now resells it before or after completion.
- Transaction type
- A classification distinguishing whether a sale involves an off-plan unit purchased from a developer or an existing completed property changing hands in the resale market.
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