Dubai real estate sector recorded $5.4bn of transactions last week, including $55m Jumeirah apartment

The Dubai real estate sector saw $5.4bn of transactions and 4,637 sales last week, including an apartment sold for $55m

Dubai’s property market registered another strong performance last week, with the Dubai Land Department reporting AED19.92 billion ($5.4 billion) in total transactions. The surge underscores the emirate’s ongoing momentum driven by luxury real estate demand and sustained investor confidence.

Sales Activity Strengthens Market Performance

Sales transactions accounted for the largest share, reaching AED15.18 billion ($4.1 billion) between November 10 and 14. During this period, 4,637 sales deals were recorded across apartments, villas, and plots, further reinforcing Dubai’s position as one of the world’s most active real estate markets.

High-Value Transactions Lead Weekly Highlights

Among the standout luxury transactions listed on the Land Department’s website were:

AED203 million ($55.3 million) — A high-end apartment at Jumeirah Residences Asora in Jumeirah First

AED60.65 million ($16.5 million) — An upscale apartment at The Alba Residences, Palm Jumeirah

AED57.3 million ($15.7 million) — A premium unit in Enara by Omniyat, Business Bay

These transactions reflect the sustained appetite for Dubai’s upper-tier residential offerings, particularly in waterfront and central luxury communities.

Additional Market Insights

Beyond direct sales, the Land Department also recorded:

AED3.59 billion ($977 million) in mortgage deals

AED1.15 billion ($313 million) in gift transactions

These figures highlight a well-rounded week of market activity supported by refinancing, inheritance transfers, and strategic portfolio adjustments.

Dubai’s Luxury Market Remains Resilient

With high-value properties continuing to dominate weekly charts, Dubai’s real estate sector shows no signs of slowing down. Consistent sales volumes, paired with rising investor confidence, keep the emirate positioned as a global hotspot for premium real estate investments.

Source: ArabianBusiness