The Dubai real estate sector saw a substantial $5.8 billion (AED 21.443 billion) worth of transactions during the week of September 30 to October 4, according to data released by Dubai’s Land Department.
Sales transactions were the key driver of this impressive figure, accounting for AED 17.8 billion ($4.8 billion) in total. Across the week, 5,321 property sales were recorded, reflecting the dynamic activity in Dubai’s real estate market.
Among the standout transactions highlighted by the Dubai Land Department were the sale of a luxury apartment in BV Residences, which fetched AED 45 million ($12.2 million). Another high-value deal included the sale of an apartment in Baccarat Hotel and Residences for AED 32.3 million ($8.8 million), followed by a second apartment in BV Residences, which sold for AED 31 million ($8.4 million).
In addition to sales, the Land Department recorded AED 3.01 billion ($820 million) in mortgage deals for the same period, further underscoring the strength of the property sector.
Gift Transactions and Market Growth
During the same week, gift transactions—property transfers without monetary consideration—reached AED 633 million ($172 million). These figures further highlight the vibrant and versatile nature of Dubai’s real estate sector, which continues to attract significant investments and property exchanges across various segments.
With luxury apartment sales leading the way, Dubai’s property market remains one of the top global destinations for real estate investment. As the city’s development continues to push boundaries, the consistent growth in transaction volumes is expected to further elevate Dubai’s position as a premier real estate hub.
