Market takeaway
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Dubai’s property market recorded strong weekly activity with $5.9 billion in total transactions, highlighted by several high-value apartment sales in prime waterfront and branded developments.
Key Highlights:
- Total transactions reached AED21.67bn ($5.9bn) in a single week
- 3,704 property sales recorded between January 5 and 12
- Sales transactions dominated, contributing AED13.17bn ($3.6bn)
- Top sale: Atlantis Resort & Residences, Palm Jumeirah apartment sold for AED65m ($17.7m)
- AVA at Palm Jumeirah apartment transacted for AED54m ($14.7m)
- Mercedes-Benz Places by Binghatti apartment sold for AED50m ($13.6m)
- Mortgage transactions totalled AED7.09bn ($1.9bn)
- Gift transactions reached AED1.41bn ($384m)
- Activity reflects continued confidence in Dubai’s prime and luxury real estate segments
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