Dubai’s real estate transactions reached approximately AED 22.59 billion last week, through 6,100 deals, including AED 17.37 billion in sales.
According to data from the Dubai REST app by the Dubai Land Department, the weekly property sales were distributed across 4,132 residential unit sales, 198 building sales, and 553 land sales, totaling 4,883 transactions.
Mortgage activity included 1,062 transactions worth AED 4.21 billion, comprising 635 residential unit mortgages, 156 building mortgages, and 271 land mortgages. Meanwhile, the total value of gifted properties reached around AED 1.01 billion, with 155 transactions: 113 residential units, 6 buildings, and 36 land plots.
Top Performing Areas
- Ras Al Khor topped the list in terms of sales value with AED 2.9 billion,
- followed by Business Bay with AED 1.5 billion,
- and Wadi Al Safa 3 with AED 1.08 billion.
- Jumeirah 2 came in fourth with AED 710.05 million,
- followed by Dubai Investment Park 2 with AED 671.69 million.
Daily Snapshot
On Friday alone, real estate transactions amounted to AED 2.68 billion from 718 deals, including AED 2.18 billion in property sales.
Business Bay led the day with AED 887.77 million in sales, followed by Jumeirah 2 at AED 167.15 million, Dubai Maritime City at AED 82.47 million, Jumeirah Village Circle with AED 68.51 million, and Dubai Investment Park 2 with AED 49 million.
The market also recorded the sale of a land plot in Business Bay covering 115,840 sq. ft, sold for AED 780.76 million.
