Dubai Real Estate Market Hits Record with $824 Million in Transactions in One Day – N24
Dubai remains a central hub for economic activities and investor interest. According to recent data, the city’s real estate sector reached a transaction volume of AED 3.05 billion (approximately USD 824 million) yesterday. These figures, recorded by Dubai’s Land and Property Department, highlight the region’s appeal as an international center for finance, tourism, business, and residence.
Dubai remains a central hub for economic activities and investor interest. According to recent data, the city’s real estate sector reached a transaction volume of AED 3.05 billion (approximately USD 824 million) yesterday. These figures, recorded by Dubai’s Land and Property Department, highlight the region’s appeal as an international center for finance, tourism, business, and residence.
Buy/sell, rent/lease residential &
commercials real estate properties.
The transactions in Dubai encompassed a total of 684 deals, with 526 direct sales amounting to AED 1.53 billion (approximately USD 414 million). These sales included 119 land plots, 364 residential units, and 43 buildings.
Wadi Al Safa 7 led the regions in terms of transaction value, reaching AED 339 million (approximately USD 92 million) across 44 deals. Following closely, Wadi Al Safa 5 saw transactions worth AED 154 million (approximately USD 42 million), and Dubai Business Bay came in third with AED 82 million (approximately USD 22 million) from 46 transactions. Dubai Hills ranked fourth with transactions totaling AED 65 million (approximately USD 18 million).
One notable transaction occurred in the Dubai Marina, where a residential apartment spanning 373 square meters changed hands for AED 23 million (approximately USD 6.2 million). Another significant sale in the Dubai Water Canal area involved an apartment selling for AED 21 million (approximately USD 5.7 million).
In terms of mortgage transactions, Dubai recorded a total of AED 1.16 billion (approximately USD 314 million) across 129 deals. The most significant mortgage was for a residential land plot in Al Barsha Third, valued at AED 752 million (approximately USD 203 million).
The real estate market in Dubayi also saw 29 grant transactions totaling AED 368 million (approximately USD 100 million).
These statistics demonstrate how Dubai has become a magnet for both local and international investors, not only offering luxury residential and commercial spaces but also presenting high-value investment opportunities.
