According to data from the Land Department, the Dubai real estate sector recorded AED21.99bn ($6bn) of transactions last week.
According to Land Department data, mortgages dominated the figures, with AED11.02bn ($3.4bn).
In total, there were 3,345 sales transactions recorded between December 23 and December 27.
Dubai real estate this week
Among the most expensive sales transactions listed on the Land Department website were:
- An apartment in the Royal Atlantis Resort and Residences in Palm Jumeirah sold for AED58m ($15.8m)
- An apartment in Sobha Seahaven sold for AED27.34m ($7.4m)
- An apartment in Damac Bay sold for AED26.8m ($7.3m)
The Land Department also showed sales deals worth AED9.25bn ($2.5bn) last week.
Gift transactions in the same period were valued at AED1.72bn ($468m).
Conclusion
This robust week of transactions, totaling AED21.99bn ($6bn), demonstrates the continued strength and dynamism of Dubai’s luxury real estate market heading into 2025. With high-value sales in premier developments like the Royal Atlantis Resort and significant mortgage activity accounting for over half of the total transactions, the data suggests sustained investor confidence and healthy market liquidity. The substantial volume of sales and mortgage transactions, combined with notable luxury property deals, indicates that Dubai’s real estate sector continues to attract end-users and investors, maintaining its position as one of the region’s most active property markets.
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