Dubai’s real estate market began the week on a strong note, recording brisk activity on Monday as major mortgage deals and steady property sales continued to drive transactions. The figures reflect sustained investor confidence and positive investment activity in the emirate’s property sector.
Total real estate transactions reached approximately AED 6.58 billion across 1,180 deals, including property sales worth more than AED 2.06 billion through 790 transactions, according to data from Dubai REST, the application operated by the Dubai Land Department.
Property Sales in Dubai
Sales activity covered 654 residential units, 39 buildings and 97 land plots.
Ready properties accounted for approximately AED 1.25 billion in sales through 341 transactions, including 222 residential units, 22 buildings and 97 land plots.
Off-plan properties, meanwhile, recorded sales of around AED 804.73 million across 449 transactions, comprising 432 residential units and 17 buildings.
Mortgage and Gift Transactions
Mortgage activity reached AED 2.9 billion through 228 transactions, covering 133 residential units, 33 buildings and 62 land plots.
Property gifts totaled approximately AED 1.62 billion across 162 transactions, including 106 residential units, 10 buildings and 46 land plots.
In terms of the overall transaction value, property sales accounted for 31.11%, while mortgages represented 44.18% and property gifts made up 24.7%.
Dubai’s Top Areas for Property Sales
Palm Deira led Dubai’s property sales rankings, with transactions exceeding AED 145.22 million. The Burj Khalifa area followed with approximately AED 95.82 million, while Business Bay ranked third at AED 80.88 million.
Jumeirah Village Circle came fourth with sales of AED 76.11 million, followed by Jumeirah Golf at AED 75 million and Airport City at approximately AED 70.97 million.
Other areas recording notable sales included Palm Jumeirah at AED 69.54 million, Dubai Maritime City at AED 68.43 million and Al Qusais Industrial Area 4 at AED 58.6 million. Al Kifaf rounded out the top 10 with transactions worth AED 56.14 million.
Record Mortgage Transactions
Dubai’s property market also recorded three major mortgage transactions involving commercial land plots, with a combined value of approximately AED 2.15 billion.
The largest transaction took place in Za’abeel Second, where a commercial land plot covering approximately 308,570 square feet was mortgaged for AED 931 million.
In Meydan, another commercial land plot measuring 359,862 square feet was mortgaged for AED 818 million.
Jaddaf Waterfront also recorded a mortgage transaction worth AED 400 million, involving a land plot covering 76,881 square feet.
