Dubai Real Estate Transactions Reach AED 15 Billion Last Week
The Dubai real estate sector recorded over AED 15 billion ($4.1 billion) in transactions last week, according to data from the Land Department. Sales made up the majority of these figures, totaling AED 12.91 billion ($3.5 billion). From August 5 to August 9, there were 4,064 real estate transactions.
Notable Transactions
Among the largest transactions listed on the Land Department website were:
– An apartment in Armani Beach Residences on Palm Jumeirah sold for AED 48.9 million ($13.3 million).
– A second apartment in Six Senses Residences in Dubai Marina sold for AED 28.3 million ($7.7 million).
– An apartment in Royal Atlantis Resort and Residences on Palm Jumeirah sold for AED 25.4 million ($6.9 million).
Additionally, mortgage deals worth AED 1.7 billion ($463 million) were registered last week. Gift transactions during the same period were valued at AED 413 million ($112.5 million).
Why Invest in Dubai
Investing in Dubai real estate presents an attractive opportunity due to the rapidly growing market, stable economy, and favorable business environment. The city continues to draw international investments with its prestigious projects, high living standards, and unique architectural innovations. Demand for property in Dubai is consistently rising, especially in the premium segment, providing investors with high rental yields and capital appreciation. Positive market trends, supported by government initiatives and strategic infrastructure investments, make purchasing property in Dubai particularly advantageous in the current climate.
