Dubai’s real estate sector saw robust activity last week, with AED 17.4 billion ($4.7 billion) in total transactions. Sales dominated the market, including high-value deals such as a Jumeirah apartment sold for AED 99.2 million. The data reflects continued strong investor confidence in Dubai’s property sector.
Highlights:
- Dubai real estate recorded AED 17.4 billion ($4.7 billion) in transactions from May 19 to May 23
- A total of 4,309 sales transactions were registered during the week
- Sales deals accounted for AED 13.18 billion ($3.6 billion)
- AED 3.39 billion ($923 million) worth of mortgage transactions were recorded
- AED 825 million ($225 million) in property gifts were processed
- Most expensive sale: Apartment in Jumeirah Residences Asora Bay sold for AED 99.2 million ($27 million)
- Other major deals included:
- Office in Enara by Omniyat, Business Bay sold for AED 56.6 million ($15.4 million)
- Another Jumeirah apartment sold for AED 54.5 million ($14.8 million)
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