Dubai’s real estate market continues to thrive, recording AED16.92 billion ($4.6 billion) in transactions over the past week, as reported by the Dubai Land Department. This figure reinforces Dubai’s status as a premier global real estate destination, attracting investors worldwide.
Sales dominated the transaction mix, totaling AED10.59 billion ($2.9 billion) from October 28 to November 1, with a recorded 3,772 sales transactions.
High-Value Sales Transactions Several high-profile sales transactions were highlighted on the Land Department’s website, including:
- An apartment at Serenia Residences, The Palm, sold for AED50 million ($13.6 million)
- An apartment at The Royal Atlantis Resort and Residences sold for AED29.5 million ($8 million)
- An apartment at Il Primo, sold for AED29 million ($7.9 million)
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Mortgage and Gift Transactions The week also saw substantial mortgage activity, with AED5.63 billion ($1.5 billion) in mortgage agreements recorded. Additionally, gift transactions amounted to AED697 million ($190 million), underscoring the diverse nature of Dubai’s real estate activity.
As Dubai’s real estate sector maintains its growth momentum, it continues to attract both regional and international interest, solidifying its position among the world’s top real estate investment destinations.