According to the latest data from the Land Department, the Dubai real estate sector achieved AED16.92bn ($4.6bn) in transactions last week.
According to Land Department data, sales dominated the figures, with AED10.59bn ($2.9bn).
In total, there were 3,772 sales transactions recorded between October 28 and November 1.
Dubai real estate this week
Among the top sales transactions listed on the Land Department website were:
- An apartment in Serenia Residences, The Palm, sold for AED50m ($13.6m)
- An apartment in The Royal Atlantis Resort and Residences sold for AED29.5m ($8m)
- An apartment in Il Primo sold for AED29m ($7.9m)
Last week, the Land Department also showed mortgage deals worth AED5.63bn ($1.5m).
Gift transactions in the same period were valued at AED697m ($190m).
Also Read: Sharjah real estate transactions rise 47% over last year
End Words
With a large transaction volume of AED16.92bn, Dubai sold property worth last week, demonstrating that, despite global challenges, its luxury property sector still attracts global players. AED10 makes up a large share of sales transactions; Sea said the 59bn of new sales — especially in premium developments such as The Royal Atlantis and Serenia Residences — further demonstrates that Dubai remains a top luxury residential market for high net worth buyers.
The substantial mortgage activity of AED5.63bn indicates healthy financing conditions and buyer confidence, while the AED697m in gift transactions suggests active wealth transfer within the market. These figures reflect Dubai’s resilient property market, which continues to attract local and international investors despite global economic uncertainties, solidifying its status as a leading luxury real estate hub in the region.
