Dubai real estate transactions surpass AED 10 billion in just 5 days, reveal govt data
Sales accounted for the largest share of activity during the week, reaching AED 6.78 billion (17,641.02 crore) across 2,931 transactions
Dubai's property market experienced a surge in activity, with total transactions reaching AED 10.67 billion between September 7 and September 11. Sales represented the dominant segment, amounting to AED 6.78 billion from 2,931 deals, featuring significant transactions for luxury residential and commercial properties. Notable sales included an office in Almas Tower for AED 36.8 million and an apartment at Mr C Residences for AED 36.5 million. Mortgage activities contributed AED 2.80 billion, while gift transactions added AED 1.09 billion, underscoring the diverse nature of property transfers in the emirate. These figures collectively highlight the continued strength and depth of Dubai's real estate sector.
Dubai's property market experienced a surge in activity, with total transactions reaching AED 10.67 billion between September 7 and September 11. Sales represented the dominant segment, amounting to AED 6.78 billion from 2,931 deals, featuring significant transactions for luxury residential and commercial properties. Notable sales included an office in Almas Tower for AED 36.8 million and an apartment at Mr C Residences for AED 36.5 million. Mortgage activities contributed AED 2.80 billion, while gift transactions added AED 1.09 billion, underscoring the diverse nature of property transfers in the emirate. These figures collectively highlight the continued strength and depth of Dubai's real estate sector.
Dubai's property market experienced a surge in activity, with total transactions reaching AED 10.67 billion between September 7 and September 11. Sales represented the dominant segment, amounting to AED 6.78 billion from 2,931 deals, featuring significant transactions for luxury residential and commercial properties. Notable sales included an office in Almas Tower for AED 36.8 million and an apartment at Mr C Residences for AED 36.5 million. Mortgage activities contributed AED 2.80 billion, while gift transactions added AED 1.09 billion, underscoring the diverse nature of property transfers in the emirate. These figures collectively highlight the continued strength and depth of Dubai's real estate sector.
Dubai’s real estate market recorded AED 10.67 billion (₹27,762.49 crore) in transactions between September 7 and September 11, according to the Dubai Land Department.
Sales accounted for the largest share of activity during the week, reaching AED 6.78 billion (17,641.02 crore) across 2,931 transactions.
The week’s highest-value sales included several luxury residential and commercial properties across some of Dubai’s most sought-after districts.
Among the most expensive transactions recorded by the Land Department were an office at Almas Tower in Jumeirah Lakes Towers (JLT), which sold for AED 36.8 million (₹95.75 crore), and an apartment at Mr C Residences in Jumeirah Second, which changed hands for AED 36.5 million (₹94.97 crore).
An apartment at Dugatti Residences by Binghatti in Business Bay was also sold for AED 28 million (₹72.85 crore), ranking among the week’s largest individual transactions.
Mortgage activity contributed a further AED 2.80 billion (₹7,285.38 crore) to the market during the period, according to Land Department figures.
Meanwhile, gift transactions — properties transferred without a conventional sale — were valued at AED 1.09 billion (₹28,383.60 crore).
The latest figures underline the continued depth of activity across Dubai’s property market, with sales, mortgage deals and property transfers collectively generating more than AED10 billion (₹26,019.20 crore) in transactions over the five-day period.