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Published on 11/18/2024

Dubai Real Estate Records $4 Billion in Transactions in One Week

Palm Jumeirah Apartment Sells for $35.4 Million in Record Week for Dubai Market

The Dubai real estate market saw a strong week recording AED 14.54 billion ($4 billion) in transactions from November 11 to 15, according to the Land Department. Sales accounted for AED 9.12 billion ($2.5 billion) across 3,229 transactions.

1-business traveller

Notable high-value sales included:

A Six Senses Residences apartment on Palm Jumeirah for AED 130 million ($35.4 million)

A Bugatti Residences by Binghatti apartment for AED 110.1 million ($30 million)

An office in Burj Khalifa for AED 50 million ($13.6 million)

Additionally, mortgage transactions totaled AED 3.33 billion ($907 million) and gift transactions amounted to AED 2.09 billion ($569 million).