Dubai's Real Estate Market Sees $4.6 Billion in Transactions Last Week
Dubai's real estate sector remained highly active last week, recording a total of AED17.05 billion ($4.6 billion) in transactions, according to data from the Dubai Land Department.
The majority of this amount came from property sales, which accounted for AED12.31 billion ($3.4 billion) across 4,153 transactions between February 3 and February 7.
High-Value Sales in Dubai
Some of the most notable deals during this period included:
- A luxury apartment in The Rings, Jumeirah, which sold for AED116 million ($31.6 million)
- A high-end unit in Alba Residences on Palm Jumeirah, purchased for AED65 million ($17.7 million)
- An apartment in Serenia Residences, Palm Jumeirah, that changed hands for AED58 million ($15.8 million)
Mortgage and Gift Transactions
In addition to property sales, mortgage agreements worth AED4.15 billion ($1.1 billion) were recorded. Meanwhile, property transfers classified as gifts totaled AED586 million ($160 million) during the same period.
Dubai's real estate market continues to attract significant investment, particularly in the luxury sector, reinforcing the city's position as a global property hotspot.
