The Dubai Land Department recorded AED 17.2 billion in real estate transactions last week, reflecting continued positive momentum in the emirate’s property market. These transactions resulted from 5,307 deals, covering sales, mortgages, and grants—highlighting the diversity and relative stability of real estate activity.
Over AED 13 Billion in Sales
A total of AED 13.1 billion worth of property sales were recorded through 4,309 transactions, including:
- 795 land plot sales for various uses.
- 3,244 residential unit sales, indicating growing demand for apartments and villas.
- 270 building sales, pointing to sustained interest in integrated investment projects.
AED 3.3 Billion in Mortgage Deals
The market also saw 807 mortgage transactions valued at AED 3.3 billion, distributed as follows:
- 209 land plot mortgages.
- 589 residential unit mortgages.
- 110 building mortgages, reflecting investor activity in leveraging real estate assets through financing.
Additionally, 191 grant transactions were recorded, totaling AED 824 million. These grants reflect ongoing property transfers for personal, family, or corporate restructuring purposes.
Ready Properties Lead in Value
In terms of property types, ready properties led in transaction value, with sales reaching AED 7.5 billion across 1,848 transactions. Meanwhile, off-plan properties recorded AED 5.6 billion in sales through 2,461 transactions, indicating a balanced investor appetite for both completed and under-construction projects.
Top Areas by Sales Value
The Al Yalayis 1 area topped the list of highest-value locations, with AED 1 billion in sales, followed by:
- Dubai Investment Park 2 – AED 804 million
- Jumeirah Village Circle – AED 741 million
- Al Hebiah First – AED 618 million
- Dubai Production City (IMPZ) – AED 576 million
Notable High-Value Deals
Several standout transactions were recorded this week, showcasing major investments in the market:
- A commercial land plot in The World Islands sold for AED 160 million.
- A sports club-zoned land plot in Horizon sold for AED 119 million.
- An off-plan luxury apartment in Jumeirah 1 was sold for AED 99 million within the “Jumeirah Asora Bay” project.
- An off-plan office unit in Business Bay sold for AED 56 million in the “Inara by Omniyat” project.
These figures highlight a dynamic and thriving real estate sector in Dubai, supported by growing investor confidence from both local and international buyers. The variety of property options—ready and off-plan, land, buildings, and units—continues to position Dubai as a leading global investment destination in real estate.
