The Dubai real estate sector recorded AED13.65 billion ($3.8 billion) in transactions last week, according to data from the Land Department. Sales transactions accounted for AED9.98 billion ($2.7 billion). A total of 3,344 sales transactions were recorded between January 27 and January 31, highlighting continued momentum in the property market.
Notable High-Value Transactions
Among the most expensive transactions listed on the Land Department website were:
- An office in the Burj Khalifa sold for AED46.5 million ($12.7 million).
- An apartment in Six Senses Residences The Palm, Palm Jumeirah, sold for AED40 million ($10.9 million).
- An apartment in Il Primo in the Burj Khalifa area sold for AED28.5 million ($7.8 million).
These high-value transactions show strong demand for premium properties in prime locations. Investors are drawn to Dubai due to high rental yields, government incentives, and the city’s luxurious lifestyle.
Real Estate Mortgage and Gift Transactions
The Land Department also reported mortgage deals totaling AED2.61 billion ($710.6 million). Additionally, gift transactions reached AED1.06 billion ($288.6 million), reinforcing the sector’s investment appeal. The steady volume of mortgage deals suggests continued confidence among buyers who are leveraging financing options.
Market Trends and Future Outlook
Dubai’s real estate market remains an attractive investment hub. Sales transactions continue to rise, and demand for luxury properties shows no signs of slowing down. The city’s strong economy, infrastructure projects, and government-backed initiatives make it an appealing choice for investors.
Experts anticipate further market growth in 2025. Mega projects, foreign investment policies, and Expo 2020’s legacy will likely contribute to increased demand. The property sector is expected to see growth in both residential and commercial segments, with off-plan sales gaining traction.
As property prices remain competitive compared to other global cities, Dubai presents an opportunity for long-term gains. The shift towards sustainable developments and smart city initiatives will further shape the future of Dubai’s real estate market. Investors seeking stability and high returns are likely to find Dubai an ideal location for property investments.