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Published on 12/30/2024

Dubai Real Estate Hits $6 Billion in Weekly Deals, $3.4 Billion in Mortgages

Dubai Property Market Soars With AED 22B Transactions with 3345 Sales Last Week

Dubai’s property sector recorded AED21.99 billion ($6 billion) in deals last week, per the Land Department. Mortgages led the activity with AED11.02 billion ($3.4 billion).

3-economy middle east

Key highlights include 3,345 sales transactions from December 23–27. Top sales featured:

  • A Royal Atlantis apartment on Palm Jumeirah sold for AED58 million ($15.8 million).

  • Sobha Seahaven unit fetched AED27.34 million ($7.4 million).

  • Damac Bay apartment closed at AED26.8 million ($7.3 million).

Sales transactions totaled AED9.25 billion ($2.5 billion), while gift deals added AED1.72 billion ($468 million).