17 August 2026 16:35 | Last updated: 17 August 16:50 2026
Dubai Property Market Surges
On Monday, Dubai’s real estate market reported substantial activity, with total transactions reaching 2.2 billion dirhams across 970 deals, as confirmed by the Dubai Rest app. This surge in transactions highlights the ongoing vibrancy and appeal of Dubai’s real estate sector.
Breakdown of Sales and Mortgages
Sales accounted for a significant portion of the transactions, totalling 1.7 billion dirhams from 725 deals. Notable sales included:
- Dubai International City: 189 million dirhams
- Business Bay: 132 million dirhams
- Burj Khalifa: 127.5 million dirhams
In addition, 456 million dirhams were generated through mortgages, involving 220 transactions. The largest mortgage deals were recorded at:
- Palm Jumeirah: 33.4 million dirhams
- Dubai Industrial City: 29.2 million dirhams
- Al Hebiah Fifth: 27 million dirhams
Gifted Properties in Dubai
Furthermore, property gifts totalled 88 million dirhams across 25 transactions. The largest gifted properties included:
- Damac Hills: 16 million dirhams
- Palm Jumeirah: 15 million dirhams
- Dubai Hills: 8.3 million dirhams
This robust activity in the Dubai property market underscores its resilience and attractiveness to investors, confirming that the region continues to thrive in the competitive real estate landscape.