Dubai Real Estate Records AED17.99 Billion in Transactions in a Week, Including AED61.3M Palm Jumeirah Deal
Wednesday, 23 April 2025
The Dubai real estate sector witnessed a robust performance last week, with total transactions reaching AED17.99 billion ($4.9 billion) and over 4,662 property sales. The highlight included a luxury apartment at Palm Jumeirah’s Alba Residences selling for AED61.3 million.
Bullet Points:
- Dubai recorded AED17.99 billion ($4.9 billion) in total real estate transactions from April 14 to April 18, 2025.
- A total of 4,662 sales transactions were registered during the week.
- Sales transactions accounted for AED13.52 billion ($3.7 billion) of the total volume.
- Top high-value property sales included:
- AED61.3 million ($16.7 million) apartment at The Alba Residences, Palm Jumeirah
- AED51.6 million ($14.1 million) apartment at Address Grand Downtown, Burj Khalifa
- AED51.6 million ($14 million) apartment at The Alba Residences, Palm Jumeirah
- Mortgage transactions totaled AED3.66 billion ($996.5 million).
- Gift transactions were valued at AED805.4 million ($219.3 million).
