Dubai Real Estate Market Records AED 27.3 Billion in Sales, Led by Residential Apartments
Dubai’s real estate market continued its robust performance, with sales capturing the largest share of activity, totaling AED 27.3 billion across 8,217 transactions. Residential apartments dominated the trading activity, particularly in areas such as Dubai Islands, which recorded sales worth AED 606 million, followed by Za’abeel 2 at AED 577 million, and Airport City at AED 542.4 million.
In the villa market, notable areas included Al Yalayis 1 with AED 1.7 billion in transactions, Al Safa 3 at AED 263 million, and The Emirates Hills at AED 118 million. Regarding land sales, Al Yalayis 5 led with AED 2.3 billion, followed by Maysam 2 at AED 845 million, and Safouh Gardens at AED 705 million.
Mortgage transactions reached a total value of AED 7.16 billion across 1,852 deals. Key mortgages were recorded on residential units in Dubai Marina at AED 175.5 million and Al Rawda at AED 160 million. Villas saw significant mortgages in Palm Jumeirah at AED 100 million, Emirates Hills at AED 81 million, and Villa Nova at AED 46 million. In the land sector, Business Park led with AED 316 million, followed by Al Khubaisi at AED 273 million.
Property gifts totaled AED 1.56 billion through 289 transactions. Major gifts were concentrated in residential units in Dubai Marina at AED 155.5 million and Palm Jumeirah at AED 90.6 million. Villas saw gifts in Al Safa at AED 5.2 million and Al Hebiah 6 at AED 4.8 million, while Palm Jumeirah led land gifts at AED 306 million, followed by Dubai Hills at AED 80 million.
Overall real estate activity included 8,385 transactions for residential units, 1,111 for buildings, and 1,285 for land. On Wednesday alone, transactions reached AED 2.83 billion across 996 deals, including sales worth AED 2.38 billion (799 deals), mortgages of AED 388 million (182 deals), and gifts totaling AED 63.13 million (15 deals).