Real estate activity across the GCC surged in the first quarter of 2025, with total transactions reaching an estimated $78.2bn. This is a year-on-year increase of over 20%, according to new data from leading proptech firm Sakan.
Dubai retained its position as the region’s top-performing market, recording $38.7bn in sales, which accounted for nearly half of the GCC’s total transaction value. The city saw a 23.4% rise in real estate activity compared to the same period last year.
Saudi Arabia followed as the second-largest market, with transaction volumes reaching at least $20.3bn, equivalent to 26% of the region’s market share.
The UAE overall contributed 65% of total transaction value across the GCC. The report underscores strong regional momentum in the property sector, driven by economic diversification and investor appetite across the Gulf.
Gulf Economist Staff Writer