The Dubai real estate sector saw $3.8bn of transactions last week.
Dubai Real Estate Market Records AED13.65 Billion in Transactions Last Week
The Dubai real estate market witnessed impressive activity last week, recording a total of AED13.65 billion ($3.7 billion) in transactions, as reported by the Dubai Land Department.
Sales Transactions Lead the Market
Sales transactions were the major contributor, amounting to AED9.98 billion ($2.7 billion). Between January 27 and January 31, a total of 3,344 sales transactions were registered, reflecting strong investor interest in Dubai’s dynamic property sector.
High-Value Property Deals of the Week
Some of the most notable high-value transactions recorded include:
- 🏢 An office in the iconic Burj Khalifa sold for AED46.5 million ($12.7 million).
- 🌊 An apartment in Six Senses Residences The Palm, Palm Jumeirah sold for AED40 million ($10.9 million).
- 🌆 An apartment in Il Primo, located in the Burj Khalifa district, sold for AED28.5 million ($7.8 million).
Mortgage and Gift Transactions
In addition to sales, the Land Department data highlighted mortgage transactions valued at AED2.61 billion ($710.6 million) during the same period. Furthermore, gift transactions were recorded at a total value of AED1.06 billion ($288.6 million).
This data underscores Dubai’s thriving real estate landscape, driven by strong demand and high-value investments across key developments.
