Dubai Real Estate Market Sees AED26bn in Weekly Transactions
Dubai’s real estate sector posted AED26bn ($7.1bn) in property transactions last week, according to the latest figures released by the Land Department.
Sales Lead Market Activity
Sales transactions dominated overall activity, totaling AED18.72bn ($5.1bn) based on Land Department data.
Between December 8 and 12, the market recorded 4,467 sales transactions, highlighting continued momentum across residential segments.
Also Read: Abu Dhabi to Deliver 8,000 Homes This Year As Real Estate Sales Hit AED20.5bn
High-Value Property Sales
Among the most notable transactions listed on the Land Department website were several ultra-prime deals:
- An apartment in Bugatti Residences by Binghatti, Business Bay, sold for AED550m ($150m)
- An apartment in Enara by Omniyat, Business Bay, sold for AED61.1m ($16.6m)
- An apartment in Solaya 3, Jumeirah First, sold for AED52.1m ($14.2m)
Mortgage and Gift Transfers
Mortgage-related deals during the same period reached AED6.77bn ($1.8bn), reflecting strong financing activity.
Gift transactions were valued at AED465m ($127m), adding to overall market performance.
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