The Dubai Land Department recorded a remarkable level of activity last week, with real estate transactions totaling AED 14.5 billion across 5,375 deals, including sales, mortgages, and grants.
Sales Details
The number of sales transactions reached 4,300, with a total value of AED 10.82 billion, distributed as follows:
- 259 land sales
- 3,678 unit sales
- 363 building sales
Mortgages and Grants
A total of 882 mortgage transactions were registered with a value of AED 3.05 billion, including:
- 204 land mortgages
- 363 unit mortgages
- 161 building mortgages
In addition, 192 grant transactions were recorded with a value of AED 770.43 million.
Market Performance: Ready vs. Off-Plan Properties
- Ready properties: AED 5.1 billion in sales from 1,556 transactions.
- Off-plan properties: AED 5.6 billion in sales from 2,745 transactions.
Top Areas by Sales Value
- Trade Center: AED 728 million
- Dubai Investment Park 2: AED 505 million
- Al Hebiah 1: AED 481 million
- Jumeirah Village Circle: AED 432 million
Notable Transactions of the Week
- The sale of an off-plan residential apartment in Jumeirah Bay for AED 200 million within the Bulgari Lighthouse Dubai project.
- The sale of a commercial plot in Horizon for AED 149 million.
- The sale of an off-plan residential apartment in Jumeirah 2 for AED 70 million within the Jumeirah Azura Bay project.
This performance reflects the continued momentum of Dubai’s real estate market, with strong sales across both off-plan and ready properties. It highlights the confidence of local and international investors in Dubai’s property sector and the sustained demand for luxury developments and prime locations.
