The Dubai real estate market witnessed remarkable activity this week, with the Dubai Land Department announcing a total transaction value of AED 18.06 billion resulting from 5,602 transactions, reflecting the continued strong momentum in the emirate’s property sector.
According to the department’s data, 4,682 sales transactions were recorded, amounting to AED 14.79 billion, alongside 920 mortgage transactions worth AED 3.27 billion, and 151 gift transactions totaling AED 448.96 million.
Breakdown of Transactions
Sales transactions were distributed as follows:
- 759 land sales
- 3,677 sales of residential units
- 246 building sales
Mortgage transactions were divided as follows:
- 220 land mortgages
- 973 mortgages for residential units
- 124 building mortgages
In terms of property type, ready property sales amounted to approximately AED 8.8 billion across 1,840 transactions, while off-plan property sales recorded AED 5.9 billion through 2,842 transactions, indicating diverse demand between completed properties and ongoing development projects.
Top Areas by Transaction Value
Dubai Investment Park 2 topped the list of areas by transaction value, registering around AED 1.6 billion. It was followed by:
- Business Bay with AED 683 million
- Wadi Al Safa 7 with AED 663 million
- Palm Deira with AED 605 million
- Al Muteena Second with AED 548 million
Notable High-Value Transactions
The week also witnessed some standout deals, including:
- The sale of an off-plan apartment in Jumeirah 2, within the (Peninsula Dubai Residences – Tower 1) project, for AED 170 million
- The sale of two land plots in Jumeirah Bay Island, each valued at AED 150 million
- The sale of an off-plan villa in Palm Jumeirah within the (Ayumi) project for AED 125 million
- The sale of a hospital-designated land plot in Dubai Healthcare City – Phase 2 for AED 120 million
- The sale of an under-construction residential apartment in Jumeirah 1, within the (Jumeirah Asora Bay) project, for AED 73 million
These figures reflect sustained confidence in Dubai’s real estate market, with a wide variety of property types being sold—from ready units to off-plan projects—and significant interest in premium locations and waterfront developments. Institutional investment, particularly in the healthcare sector, also remains a key feature of the market.
