Dubai Real Estate Sector Records AED14.54bn ($4bn) in Transactions Last Week

Last updated: 4 weeks ago

The Dubai real estate market achieved AED14.54bn ($4bn) in transactions last week, as per data from the Dubai Land Department. Mortgages accounted for a significant portion, totaling AED11.82bn ($3.2bn).

From January 6 to January 12, the Land Department recorded 3,432 sales transactions, amounting to AED2.12bn ($577.3m). Gift transactions during this period were valued at AED596m ($162.3m).

Among the most notable deals:

  • One Canal (Water Canal area): AED38.5m ($10.5m)
  • Casa Canal (Water Canal area): AED28.7m ($7.8m)
  • Il Primo (Burj Khalifa area): AED27m ($7.3m)