Dubai’s real estate sector recorded an impressive AED 12.13 billion ($3.3 billion) in transactions between January 13 and 17, according to the Dubai Land Department. Mortgages dominated the activity, totaling AED 9.06 billion ($2.5 billion).
Palm Jumeirah: An apartment in Ocean House sold for AED 50 million ($13.6 million).
One Za’abeel Tower: A hotel apartment fetched AED 45 million ($12.3 million).
Jumeira Bay: An apartment in BV Residences 6 was sold for AED 35 million ($9.8 million).
Additionally, sales transactions amounted to AED 2.6 billion ($708 million), while gift transfers were valued at AED 472 million ($128.5 million). This robust activity reflects Dubai’s continued appeal to high-net-worth investors and its growing status as a global real estate hub.