Dubai’s real estate market continues to demonstrate strong momentum, with total transactions reaching AED17.28 billion ($4.7 billion) between March 17 and March 21, according to data from the Dubai Land Department.
Sales transactions made up the majority of the total, accounting for AED12.91 billion ($3.5 billion), reflecting sustained demand in the property sector. In total, 3,886 sales transactions were recorded during the week, highlighting the continued investor interest in Dubai’s real estate market.
Top High-Value Property Deals
Among the highest-value transactions recorded last week were:
- An apartment in AVA at Palm Jumeirah by Omniyat sold for AED73.4 million ($20 million)
- An apartment in The Alba Residences by Omniyat sold for AED50.86 million ($13.8 million)
- Another apartment in The Alba Residences by Omniyat sold for AED49.48 million ($13.5 million)
These figures underscore the premium value of properties in Palm Jumeirah, one of Dubai’s most sought-after residential destinations.
Mortgage and Gift Transactions
In addition to sales transactions, the Land Department recorded mortgage deals worth AED3.52 billion ($958.4 million) last week. Meanwhile, property gift transactions—transfers made without a sale—were valued at AED850.6 million ($231.7 million).
A Strong Market Outlook
Dubai’s real estate market remains a key attraction for local and international investors, with high-value transactions continuing to drive growth. The strong demand for luxury properties, particularly in prime locations like Palm Jumeirah, reflects investor confidence in the sector.
With steady sales, rising mortgage activity, and a growing number of high-value deals, Dubai’s real estate sector is set to maintain its upward trajectory in the coming months.
