Dubai Real Estate Weekly Transactions Reach AED 12.1 Billion
K Estates Dubai
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The total transactions in Dubai's real estate market during the week reached AED 12.1 billion, resulting from 4,410 actions, according to "Dubai REST" data.
Total sales amounted to AED 9 billion through 3,126 transactions. The highest value was recorded in the Al Yufrah 1 area at approximately AED 570 million across 100 transactions, followed by Dubai South with AED 533 million through 289 transactions, and Bukadra in third place with AED 414 million from 56 transactions.
Mortgages totaled AED 2.6 billion from 1,121 actions. Jumeirah Village Circle ranked first with AED 588 million through 202 actions, followed by Dubai Land Residence Complex with AED 218 million from 191 actions, and Dubai Marina in third place with AED 121 million from 65 actions.
Top 3 Transactions in Dubai
The top 3 transactions in Dubai's real estate market showcased impressive deals in the luxury segment. The highest transaction was a 4-bedroom apartment spanning 5,176 square feet in Il Primo, Downtown Dubai. This ready property sold for AED 32 million, equating to AED 6,182 per square foot.
The second-highest deal was another 4-bedroom apartment, measuring 5,376 square feet, in Downtown Dubai. This off-plan property fetched AED 22.9 million, with a price of AED 4,260 per square foot.
The third transaction was a 2-bedroom apartment in Burj Lake Hotel, The Address Downtown, Downtown Dubai. This ready unit, covering 1,848 square feet, was sold for AED 10 million, translating to AED 5,411 per square foot.
Dubai's real estate market continues to showcase its dominance in the luxury property segment, with high-value transactions reflecting the city’s global appeal and investor confidence. The market offers exceptional opportunities for both end-users and investors. As demand for prime real estate remains robust, Dubai solidifies its position as a leading destination for luxury living and investment.