Dubai’s real estate market recorded landmark transactions exceeding AED 25.95 billion over the past week, marking the highest weekly value ever achieved in the emirate’s history. This reflects the continued strong momentum in the sector and the ongoing breaking of record figures.
These results came following the execution of 5,523 transactions, including sales worth AED 18.72 billion, according to data from the Dubai REST app, affiliated with the Dubai Land Department.
Weekly property sales were distributed across 3,780 transactions for residential units, 388 transactions for buildings, and 299 transactions for land plots, bringing the total number of sales transactions to 4,467.
In terms of mortgage activity, 946 transactions were recorded with a total value of AED 6.77 billion. These included 514 transactions for residential units, 161 for buildings, and 271 for land plots. Meanwhile, the value of property gifts reached approximately AED 465.17 million through 110 transactions, comprising 73 transactions for residential units, 12 for buildings, and 25 for land plots.
Al Yufrah 1 topped the list of areas in terms of sales value, recording approximately AED 3.94 billion. It was followed by Business Bay with around AED 1.55 billion, then Bukadra with AED 888.62 million, Palm Jebel Ali with AED 875.64 million, and Dubai Investment Park Second, which ranked fifth with AED 838.9 million.
Jumeirah Village Circle ranked sixth with sales totaling AED 469.46 million, followed by Airport City with AED 375.29 million, the Burj Khalifa area with AED 352.81 million, Palm Jumeirah with AED 326.55 million, and Umm Suqeim First with AED 315.26 million.
On the daily performance level, Dubai’s real estate transactions yesterday reached approximately AED 3.31 billion, following the execution of 749 transactions, including sales worth AED 3 billion.
Bukadra led daily sales values at AED 819.19 million, followed by Business Bay with about AED 651.4 million, then Dubai Investment Park Second with AED 171.59 million, Saih Shuaib 2 with AED 77.52 million, and the Burj Khalifa area with AED 76.55 million.
Record-Breaking Deals
Dubai’s real estate market also witnessed a historic transaction with the sale of a residential apartment in Business Bay for AED 550 million, making it the most expensive apartment ever sold in the emirate’s real estate market, according to Dubai Land Department data.
The data showed that the apartment is located within the Bugatti Residences project, spans an area of 47.2 thousand square feet, and was sold at a price of AED 11,652 per square foot.
Additionally, last week’s transactions—particularly on Wednesday—saw other record-breaking deals, most notably the sale of a commercial-use land plot in Al Yufrah 1 valued at AED 3.81 billion.
Furthermore, a mortgage was registered on another commercial-use land plot in the same area with a value of AED 3 billion, covering an area of 37.48 million square feet, at a price of AED 80.03 per square foot. This further underscores the strong and sustained confidence in Dubai’s real estate market across all segments.
