Dubai has recorded a strong performance in its real estate market, with sales approaching the AED 600 billion mark since the beginning of the year. This figure reflects the scale of investment and the high level of confidence in the emirate as a global real estate hub. Meanwhile, total real estate transactions reached approximately AED 806.68 billion. Business Bay topped the list of areas with the highest sales value since the beginning of the year, reaching around AED 33.67 billion.
Record High
Real estate sales in Dubai reached their highest level ever from the beginning of the year until the end of last week’s trading, hitting AED 598.3 billion through 190,962 transactions.
Sales during this period included AED 343.02 billion in ready properties across 73,060 transactions, and AED 255.28 billion in off-plan sales through 117,890 transactions.
As for mortgage transactions, they recorded AED 159.06 billion from 46,160 transactions, while the value of grants reached about AED 49.32 billion through 8,630 transactions.
With this, the total real estate activities in Dubai reached approximately AED 806.68 billion, generated from about 245,750 deals, according to data from the Dubai Land Department.
Top Areas
Business Bay topped the list of areas with the highest sales value since the start of the year, with AED 33.67 billion in transactions, followed by Al Yalayis 1 with AED 22.02 billion, then Jumeirah Village Circle (JVC) with AED 21.63 billion. Al Merkadh (Me’aisem Second) ranked fourth with AED 18.6 billion, and Burj Khalifa came fifth with AED 18.51 billion.
Dubai Investment Park 2 ranked sixth with AED 18.47 billion, followed by Airport City with AED 18.44 billion, Palm Jumeirah eighth with AED 17.37 billion, Palm Jebel Ali ninth with AED 14.46 billion, and Al Hebiah 1 tenth with AED 14.43 billion.
Weekly Performance
On the weekly level, Dubai recorded real estate transactions worth AED 18.89 billion by the end of last week, after completing 5,942 transactions, including AED 14.29 billion in sales.
Weekly property sales included 4,168 sales of residential units, 314 building sales, and 329 land sales, totaling 4,811 transactions, according to data from the Dubai REST app by the Dubai Land Department.
Mortgage transactions totaled 976 deals valued at AED 3.69 billion, broken down into 623 unit mortgages, 145 building mortgages, and 208 land mortgages. Meanwhile, grants amounted to AED 912.24 million across 155 deals, including 107 units, 14 buildings, and 34 lands.
