Record-breaking Week for Dubai Real Estate: $4 Billion in Transactions

Last week, Dubai’s real estate market recorded AED 14.54 billion ($4 billion) in transactions, according to data from the Land Department. Mortgage deals dominated the activity, totaling AED 11.82 billion ($3.2 billion).

Key Market Highlights:

1. Total transactions: 3,432 (from January 6 to January 10).
2. Property sales: AED 2.12 billion ($577.3 million).
3. Gift transactions: AED 596 million ($162.3 million).

Top Luxury Property Deals

Among the most notable transactions last week were:

1. An apartment in One Canal (Water Canal area) — AED 38.5 million ($10.5 million).
2. An apartment in Casa Canal (Water Canal area) — AED 28.7 million ($7.8 million).
3. An apartment in Il Primo (Burj Khalifa area) — AED 27 million ($7.3 million).

These transactions highlight the high demand for premium properties in prime locations like Water Canal and Burj Khalifa, which continue to attract global investors.

Why Invest in Dubai Real Estate?

1. Steady Market Growth: The consistent increase in transaction volumes underscores Dubai’s appeal as an investment hub.
2. Prime Locations: Properties in areas such as Burj Khalifa and Water Canal offer excellent return on investment.
3. Market Transparency: Comprehensive data from the Land Department builds investor confidence.

Invest with SPI Dubai!

SPI Dubai is your trusted partner in the dynamic world of Dubai real estate. We offer:

1. Expert property selection for investment.
2. Full transaction support.
3. Guidance on mortgages and optimizing returns.

Contact us today to own a piece of one of the world’s most promising real estate markets!