Dubai‘s City Walk community recorded 512 off-plan transactions in the first half of 2025, compared to 102 ready property transactions during the same period, according to a report released by Driven Properties.
The Meraas-developed mixed-use community, located between Downtown Dubai and Jumeirah, showed off-plan prices reaching AED 3,086 per square foot in H1 2025, marking a 96 per cent increase from AED 1,576 per square foot in 2021.
“City Walk demonstrates a rare confluence of master-planned urban design, sustained investor appetite, and resilient end-user demand, positioning it as a high-conviction investment underpinned by strong fundamentals and long-term capital appreciation potential,” Abdullah Alajaji, CEO and Founder of Driven Properties said.
Off-plan sales dominate as prices rise 96% since 2021
Ready property prices rose from AED 1,575 per square foot in 2021 to AED 2,619 per square foot in H1 2025, representing a 66 per cent increase over the period.
Off-plan transactions for one-bedroom units increased from 22 in 2021 to 221 in H1 2025, whilst two-bedroom transactions rose from 47 to 191 during the same period. The two unit types combined accounted for 84 per cent of off-plan sales in the first half of 2025.
One-bedroom off-plan units recorded price growth of 105 per cent between 2021 and H1 2025, reaching AED 3,175 per square foot. Two-bedroom units rose 82 per cent to AED 2,895 per square foot, whilst three-bedroom units increased 104 per cent to AED 3,197 per square foot. Four-bedroom units showed 12 per cent growth to AED 3,469 per square foot, and five-bedroom-plus units reached AED 4,209 per square foot.
In the ready property segment, two-bedroom and three-bedroom units led transaction volumes. Two-bedroom units peaked at 128 transactions in 2024 and recorded 42 deals in H1 2025.
Ready market shows strong performance in mid-size units
Ready property prices showed appreciation across all unit sizes. One-bedroom units rose 88 per cent to AED 2,504 per square foot, two-bedroom units increased 63 per cent to AED 2,527 per square foot, three-bedroom units grew 95 per cent to AED 2,817 per square foot, and four-bedroom units recorded 112 per cent growth to AED 3,603 per square foot between 2021 and H1 2025.
The rental market in City Walk recorded 222 renewed contracts compared to 176 new lease agreements in H1 2025, continuing a trend of renewals outpacing new leasing activity.
Rental rates increased across all unit configurations. One-bedroom units rose from AED 90,800 in 2021 to AED 134,000 in H1 2025, marking a 48 per cent increase. Two-bedroom units increased 59 per cent from AED 80,600 to AED 128,000, three-bedroom units grew 64 per cent from AED 79,700 to AED 130,500, and four-bedroom units rose 77 per cent from AED 73,300 to AED 130,000.
Central Park Plaza led pricing across City Walk projects at AED 4,060 per square foot in H1 2025. Verve Tower reached AED 3,252 per square foot, whilst Crestlane 3 and Crestlane 2 recorded prices of AED 3,162 and AED 3,160 per square foot respectively.
Northline 2 recorded the lowest pricing at AED 2,591 per square foot, whilst mid-range projects including Viridian, Castleton, and Fern traded above AED 2,800 per square foot.
Development pipeline and occupancy rates
As of H1 2025, 52 per cent of City Walk’s total units (2,331 units) remained under construction, whilst 9 per cent (394 units) were in the planning stage. Completed stock accounted for 39 per cent of total supply at 1,736 units.
Occupancy rates increased from 75 per cent in 2021 to 85 per cent in H1 2025.
The community is located five minutes from Dubai Mall and Burj Khalifa, 10 minutes from Jumeirah Beach, eight minutes from Safa Park, and 13 minutes from Dubai International Airport.
