Dubai’s real estate market witnessed an impressive AED19bn ($5.2bn) worth of transactions last week, according to the Land Department’s latest data. From September 23 to 27, a total of 4,609 sales transactions were recorded, indicating the continued strength of Dubai’s real estate sector. Sales accounted for the lion’s share of the figures, contributing AED12.48bn ($3.3bn), showcasing the city’s attractiveness to investors and homebuyers alike.

Among the most notable deals was a luxury apartment in One at Palm Jumeirah, sold for a staggering AED275m ($75m), solidifying Dubai’s position as a premier destination for luxury real estate. Another high-profile transaction included an apartment in Six Senses Residences The Palm, which sold for AED56m ($15.2m), reflecting growing interest in ultra-high-end properties. Additionally, an apartment in Burj Binghatti sold for AED32.6m ($8.9m), further highlighting the demand for premium real estate in Dubai’s most iconic locations.

In addition to the robust sales figures, the Dubai Land Department recorded AED5.82bn ($1.6bn) in mortgage transactions last week. 

Dubai’s Real Estate Market Continues to Thrive

These impressive figures are a testament to the ongoing demand for Dubai’s real estate offerings, particularly in the luxury and high-end segments. The combination of prime location, world-class infrastructure, and investor-friendly regulations makes Dubai an attractive destination for global investors and homebuyers. The record-breaking transactions, particularly in premium locations like Palm Jumeirah, signal confidence in the city’s long-term growth and its ability to attract significant capital from both local and international buyers.

With such substantial sales and mortgage activity, Dubai’s real estate market is showing no signs of slowing down, and experts predict continued growth throughout the remainder of the year. As more high-profile properties enter the market, the city is poised to maintain its status as a global real estate powerhouse.

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