The Dubai real estate sector saw $1.7bn of transactions in a shorter week due to Eid Al Etihad holidays.
Dubai Real Estate Records AED 6.28 Billion in Weekly Transactions 🌟
The Dubai real estate market showcased its strength once again, with transactions totaling a remarkable AED 6.28 billion ($1.7 billion) between December 2 and December 9, as reported by the Dubai Land Department.
Sales Drive Market Activity
Sales accounted for a significant AED 4.89 billion ($1.3 billion) of the total, highlighting the continued demand for properties in the emirate. A total of 1,922 sales transactions were finalized during the week, underscoring Dubai’s dynamic real estate environment.
Top High-Value Transactions
The Land Department’s data revealed several noteworthy deals that marked the week’s highlights:
- 🏢 An apartment at Bluewaters Residences 9 sold for an impressive AED 84 million ($22.9 million).
- 🏙️ An office in Enara by Omniyat changed hands for AED 71.64 million ($19.5 million).
- 🌇 Another luxury apartment in Ela Residences by Omniyat was sold for AED 69 million ($18.8 million).
Mortgage and Gift Transactions
In addition to sales, mortgage deals contributed AED 1.04 billion ($283 million) to the week’s activities, reflecting strong financial engagement in property acquisitions. Gift transactions during the same period added another AED 348 million ($95 million), showcasing the diversity of property exchanges in Dubai.
