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Published on 01/21/2025

Dubai Real Estate Shines with Record-Breaking Luxury Sales Highlights

Dubai’s Property Market Hits $3.3B Weekly Transactions, $13.6M Palm Sale

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).

Key High-Value Sales

  • 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).

INNER (52)

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.