Dubai Real Estate Transactions Reach AED17.4 Billion in One Week
According to the latest data released by the Dubai Land Department, the emirate’s thriving property market recorded an impressive AED17.4 billion ($4.7 billion) worth of real estate transactions last week.
The figures, which cover the period between May 19 and May 23, show that sales transactions were the primary driver behind this activity. Sales amounted to AED13.18 billion ($3.6 billion), solidifying Dubai’s status as one of the most active real estate markets in the region.
📊 Total Number of Transactions
During the same period, a total of 4,309 sales transactions were recorded. These figures continue to reflect Dubai’s strong demand across various property types, from residential to commercial.
💼 Most Expensive Dubai Real Estate Sales Last Week
Among the most noteworthy high-value deals listed on the Land Department’s website were:
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🏢 An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED99.2 million ($27 million), making it the highest-valued transaction of the week.
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💼 An office space in Enara by Omniyat in Business Bay fetched AED56.6 million ($15.4 million).
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🏠 Another apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED54.5 million ($14.8 million).
These high-value sales underscore the ongoing demand for premium and ultra-luxury properties in Dubai, particularly in waterfront and central business locations.
🏦 Mortgage Transactions & Gift Transfers
In addition to sales activity, the Dubai Land Department also reported mortgage transactions totaling AED3.39 billion ($923 million) during the same week. Mortgage financing remains a vital component of Dubai’s real estate ecosystem, offering flexibility for both residents and investors.
Meanwhile, gift transactions, which include property transferred without monetary exchange (typically among family members), were valued at AED825 million ($225 million).
📈 Conclusion
The latest weekly update from the Dubai Land Department highlights a flourishing real estate sector, with high-value residential and commercial properties leading the way. The sustained demand for luxury homes, strategic offices, and flexible financing options continues to attract investors to Dubai’s dynamic property landscape.
