The Dubai real estate market commenced the week with notable activity, reflecting robust investor confidence and sustained momentum. This positive trend is evident as the sector registered significant transactions, signalling a vibrant investment atmosphere.
Strong Transaction Volume
In a remarkable display of market health, total real estate transactions in Dubai exceeded AED 2.23 billion through 965 deals. This included property sales amounting to over AED 1.69 billion across 723 transactions, according to data from the Dubai REST app, an initiative of the Dubai Land Department.
Sales Breakdown
Yesterday’s sales were composed of 630 residential unit transactions, 53 sales of buildings, and 40 plots of land. Notably, the sales of ready properties reached AED 781.52 million, spread over 239 transactions—comprised of 184 sales of residential units, 15 for buildings, and 40 for land. Meanwhile, off-plan property sales accounted for approximately AED 909.23 million through 484 transactions, including 446 residential unit sales and 38 buildings.
Mortgage and Gift Transactions
Mortgage activity also demonstrated vitality, with 219 transactions totalling AED 455.64 million. These included roughly 132 loans for residential units, 24 for buildings, and 63 for land. Additionally, gifts valued at AED 87.81 million were recorded across 23 transactions, which consisted of 14 for residential units, three for buildings, and six for land.
Market Composition
Real estate sales constituted 75.10% of the total value of transactions recorded yesterday. Mortgages accounted for around 20.88%, while gifts made up roughly 4.02%.
Top Areas for Property Sales
The Al Garhoud area topped the list for property sales yesterday, with transactions exceeding AED 189.15 million. It was followed by Business Bay at approximately AED 132.07 million, and the Burj Khalifa area, which saw sales amounting to AED 127.43 million. Other notable areas included Emirates Hills at AED 82.7 million and Jumeirah Village Circle at AED 65.95 million.
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