DAMAC Hills Apartments Q1 2025 Resale Report
(1st January - 31th March 2025)
AED 1,312
Average price per sq. ft
Compared to Q1 2024
177 resale transactions
AED 188.7M total resale value
Apartments in DAMAC Hills Q1 2025 Resale Report
Executive Summary
Studio apartments led transaction activity in DAMAC Hills Apartments during Q1 2025 with 71 sales, marking an 18.0% increase in transaction count year-over-year, at an average price of AED 575,668. One-bedroom units recorded 70 transactions in Q1 2025, a 32.0% increase in count year-over-year, with an average price of AED 896,212. The off-plan primary market in DAMAC Hills Apartments generated 25 transactions in Q1 2025, totaling AED 37,519,220 in value.
Key Facts
- In Q1 2025, the average resale price per square foot for apartments in DAMAC Hills reached AED 1,312, an increase of 11.0% year-over-year.
- DAMAC Hills recorded 177 resale apartment transactions in Q1 2025, representing a 24.6% increase compared to the same quarter in 2024.
- The total value of resale transactions in DAMAC Hills during Q1 2025 was AED 188,671,310, up 43.9% year-over-year.
- Ready properties accounted for 85.9% of resale transactions in DAMAC Hills in Q1 2025, while off-plan units represented 14.1%.
- Studio apartments led resale activity in DAMAC Hills during Q1 2025 with 71 transactions at an average price of AED 575,668, showing an 18.0% increase in transaction count year-over-year.
- One-bedroom units recorded 70 resale transactions in DAMAC Hills in Q1 2025 at an average price of AED 896,212, with transaction volume up 32.0% year-over-year.
- Two-bedroom apartments in DAMAC Hills averaged AED 1,966,898 across 20 resale transactions in Q1 2025, reflecting a 25.0% increase in transaction count compared to Q1 2024.
Key Performance Indicators
Key Performance Indicators
Resale - Q1 2025
Rental - Q1 2025
Source: Property Monitor, Metropolitan Premium Properties Analysis
Price Trend
Price Trend - DAMAC Hills Apartments
Average Price per Sq. Ft - DAMAC Hills Apartments
| Period | Average Price per Sq. Ft (AED) |
|---|---|
| Q1 2024 | 1,181 |
| Q2 2024 | 1,188 |
| Q3 2024 | 1,240 |
| Q4 2024 | 1,259 |
| Q1 2025 | 1,312 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did DAMAC Hills Apartments transactions split between off-plan and ready in Q1 2025?
In Q1 2025, ready properties dominated the DAMAC Hills apartment market, accounting for 85.9% of transactions and 86.4% of total transaction value, while off-plan units represented 14.1% of sales by count and 13.6% by value. The near-identical distribution across transaction count and value metrics indicates that average deal sizes remained comparable between the two completion categories during the quarter. This ready-property preference reflects DAMAC Hills' position as a mature community where existing inventory captures the majority of buyer activity.
Which Apartments bedroom configurations recorded the highest resale activity in DAMAC Hills during Q1 2025?
Studio and one-bedroom apartments dominated transactional activity in DAMAC Hills during Q1 2025, recording 71 and 70 sales respectively, while two-bedroom units captured 20 transactions and three-bedroom configurations accounted for 16 deals. Average prices in DAMAC Hills ranged from AED 575,668 for studio units to AED 2,857,879 for three-bedroom apartments, reflecting a fivefold spread across the bedroom spectrum. Year-on-year transaction counts expanded across all segments, with one-bedroom units posting the strongest growth at 32.0%, followed by two-bedroom apartments at 25.0% and three-bedroom homes at 23.0%.
Performance by Bedroom Type
Price Insights by Bedroom
| Bedrooms | Avg Price | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| Studio | AED 575,668 | +9.7% | 71 | +18% |
| 1 B/R | AED 896,212 | +10.6% | 70 | +32% |
| 2 B/R | AED 1,966,898 | +24.6% | 20 | +25% |
| 3 B/R | AED 2,857,879 | +18.3% | 16 | +23% |
Transaction Distribution by Bedroom
Transaction Volume by Bedroom Type - Q1 2025
| Bedroom Type | Transactions |
|---|---|
| Studio Bed | 71 |
| 1 B/R Bed | 70 |
| 2 B/R Bed | 20 |
| 3 B/R Bed | 16 |
Source: Property Monitor, Metropolitan Premium Properties Analysis
How did off-plan primary-market sales of Apartments in DAMAC Hills perform in Q1 2025?
In Q1 2025, DAMAC Hills Apartments recorded 25 off-plan transactions valued at AED 37,519,220, down 94.0% and 92.8% year-on-year respectively. Off-plan activity represented a small fraction of the community's total primary and secondary market, with resale transactions numbering 177 and totaling AED 188,671,310 in the same quarter. The sharp year-on-year decline in off-plan sales reflects reduced developer inventory or launch activity in this established Dubai community during the first three months of 2025.
Rental Summary
Rental Contract Distribution - Q1 2025
Contract Types
Rental Insights by Bedroom
| Bedrooms | Avg Rent | Price YoY | Transactions | Trans. YoY |
|---|---|---|---|---|
| Studio | AED 44,818 | +10.8% | 327 | +81% |
| 1 B/R | AED 66,966 | +10.6% | 309 | +134% |
| 2 B/R | AED 129,166 | +17.9% | 74 | +51% |
| 3 B/R | AED 184,756 | +14.5% | 26 | +160% |
Source: Property Monitor, Metropolitan Premium Properties Analysis
Dubai Apartments Market Context -- Q1 2025
During Q1 2025, Dubai recorded 42,310 sale transactions and 155,219 rental transactions, with rental activity representing the majority of all property agreements across the emirate. Initial sales accounted for 62.6% of all sales transactions while resale properties comprised 37.4%, indicating that nearly two-thirds of Dubai buyers purchased directly from developers. In the rental market, contract renewals represented 65.8% of activity compared to 34.2% for new tenancies, reflecting a relatively stable tenant base across Dubai's communities.
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 DAMAC Hills during Q1 2025?
How many resale apartment transactions occurred in DAMAC Hills in Q1 2025?
What was the total transaction value for DAMAC Hills resale apartments in Q1 2025?
What is the average resale price for a studio apartment in DAMAC Hills?
What is the average resale price for a one-bedroom apartment in DAMAC Hills?
What percentage of DAMAC Hills apartment resales were ready properties versus off-plan in Q1 2025?
What was the average resale price for a two-bedroom apartment in DAMAC Hills during Q1 2025?
What was the average resale price for a three-bedroom apartment in DAMAC Hills in Q1 2025?
Methodology
This analysis of DAMAC Hills apartment resales during Q1 2025 (January 1 through March 31, 2025) draws on transaction data from Property Monitor, which aggregates Dubai Land Department registration records to track secondary market activity. The reported average price per square foot of AED 1,312 and the transaction count of 177 units reflect completed resale registrations during the quarter, with year-on-year comparisons measured against the corresponding Q1 2024 period. Readers should note that registration timing can lag the actual sale agreement by several weeks, meaning transactions registered in Q1 may reflect price negotiations concluded in late 2024, which may affect period-to-period comparability when interpreting short-term price movements or correlating figures with concurrent market conditions.
Glossary
- PSF
- Price per square foot. A standardized metric dividing a property's total sale price by its built-up area in square feet, used to compare values across different unit sizes.
- Off-plan
- A property sold by a developer before construction is complete, typically purchased through a payment plan during the building phase.
- Secondary market
- The resale market where properties are sold between individual owners or investors, rather than purchased directly from the original developer.
- Ready property
- A completed, habitable property available for immediate occupancy or handover, as opposed to an off-plan unit still under construction.
- Resale
- A transaction where an existing property owner sells to a new buyer, distinct from a first-time developer sale.
- AED/sqft
- United Arab Emirates dirhams per square foot. The currency-specific expression of price per square foot used in Dubai property transactions.
- Built-up area
- The total internal floor area of a residential unit measured in square feet, including all enclosed spaces but typically excluding balconies and terraces.
- DAMAC Hills
- A master-planned residential community in Dubai developed by DAMAC Properties, featuring apartments, villas, and amenities including a golf course.
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