Dubai Real Estate Sector Records $3.7B in Transactions, Including $16M Business Bay Apartment

Tuesday, 31 December 2024

Dubai’s real estate sector achieved AED13.58bn ($3.7bn) in transactions last week, with 3,894 sales. Notable deals included a $16M apartment in Business Bay, reflecting the continued strength of the market.

• Dubai real estate transactions totaled AED13.58bn ($3.7bn) last week, with 3,894 sales.
• Sales accounted for AED10.42bn ($2.8bn) of the total transaction value.
• Notable high-end transactions included:
  • AED57.5m ($15.7m) apartment in the Dorchester Collection, Business Bay.
  • AED40.6m ($11m) apartment in Ela Residences, Palm Jumeirah.
  • AED37.25m ($10.1m) apartment in Marina Apartments, Palm Jumeirah.
• The week also saw AED2.27bn ($618m) in mortgage transactions.