Dubai real estate transactions recorded strong performance last week, reaching a total value of AED 16.28 billion through 5,743 deals, according to data from the “Dubai REST” application of the Dubai Land Department.
Sales Breakdown
Sales accounted for the largest share of activity, with a total of AED 10.95 billion, distributed across 4,213 transactions for residential units, 147 transactions for buildings, and 334 transactions for land plots, bringing the total number of sales to 4,694 deals.
In addition to sales, the market also witnessed significant activity in mortgage transactions, which recorded 837 deals worth AED 4.32 billion, covering residential units, buildings, and land. Gifts accounted for approximately AED 1.01 billion through 212 transactions, including 172 residential units, 9 buildings, and 31 plots of land.
Most Active Areas
The Business Bay area topped the list in terms of weekly sales value, recording AED 1.06 billion, followed by:
- Jumeirah Village Circle: AED 721.89 million
- Dubai Investment Park 2: AED 476.43 million
- Wadi Al Safa 4: AED 425.84 million
- Burj Khalifa area: AED 353.92 million
Daily Performance
On a daily basis, real estate transactions on 15 August alone reached AED 1.74 billion through 884 deals, including sales worth AED 1.49 billion. The top-performing areas for the day were:
- Business Bay: AED 225.94 million
- Jumeirah Village Circle: AED 85.41 million
- Dubai Sports City: AED 74.04 million
- Palm Deira: AED 64.11 million
- Mohammed bin Rashid Gardens: AED 57.2 million
Market Outlook
These figures highlight the continued attractiveness of Dubai’s real estate market, despite global challenges, with a clear diversification of investments across residential units, land, and buildings. Key areas such as Business Bay, Burj Khalifa, and Jumeirah Village Circle remain at the forefront of demand, reflecting investor confidence and strong appetite for opportunities in the market.
