Dubai Real Estate Transactions Reach 15.2 Billion Dirhams in One Week
Diverse sectors of the real estate market show significant growth in Dubai.
In the past week, the Dubai Land Department reported total real estate transactions of 15.2 billion dirhams, generated from 4,552 deals.
The figures included 3,531 sales transactions valued at 10.3 billion dirhams and 838 mortgage transactions totaling 4.1 billion dirhams, alongside 183 gift transactions worth 807 million dirhams.
The weekly sales comprised 367 land sales, 2,880 residential unit sales, and 284 building sales.
In terms of mortgages, there were 217 mortgages on land, 509 mortgages on residential units, and 120 mortgages on buildings.
The Commercial Center Area led in sales transactions with sales worth 1 billion dirhams.
The Business Bay area followed with 567 million dirhams, while Jumeirah Village Circle recorded 600 million dirhams in sales, and Dubai Airport City reached 534 million dirhams in value.
Palm Jumeirah secured fifth place with 386 million dirhams.
Additionally, a notable transaction included the sale of a commercial land plot in the Commercial Center Area for 1 billion dirhams, alongside another plot in Tecom sold for 260 million dirhams, and an off-plan residential apartment on Palm Jumeirah sold for 61 million dirhams.
Separately, the UAE's stock market attracted 124.4 billion dirhams in liquidity during the first quarter of 2025, with 83.3 billion dirhams in Abu Dhabi's market and 41.12 billion dirhams in Dubai's. Overall, 36.5 billion shares were traded across 2.2 million transactions.
In Dubai, notable stock performances since the start of 2025 included a 44.3% rise for Emirates Islamic Bank shares, 36.25% for Union Properties, and 31.5% for Sudan's Salam Bank, among others.
Emaar properties accounted for 42.8% of total liquidity in the Dubai Financial Market.
Foreign investors (non-Arabs) entered the Dubai market, achieving a net investment of 1.1 billion dirhams, with total buying valued at 17.6 billion dirhams against 16.5 billion dirhams in sales.
The Abu Dhabi Index closed at 9,368.81 points, down 0.53% year-to-date.
The Dubai market index remained at 5,096.24 points, down 4.16% in March, while Abu Dhabi's general index declined by 2.05% during the same period.
Since the beginning of Ramadan, Dubai's real estate sales reached 46.10 billion dirhams, reflecting a record high demand across 14,710 transactions.
Real estate experts noted that sales in Dubai have exceeded traditional expectations of a slowdown during Ramadan, indicating strong investor interest in the sector.
From the start of Ramadan up until now, 11,689 residential units, 1,326 buildings, and 1,695 plots of land have been sold.
Mortgage transactions since Ramadan began totaled 15.05 billion dirhams across 3,168 transactions, including 2,002 residential units, 450 buildings, and 884 land plots.
The total value of real estate gifts recorded during this period amounted to 2.48 billion dirhams from 633 transactions, involving 463 residential units, 72 buildings, and 98 plots of land.
Various residential and commercial areas in Dubai have shown increased sales activity, notably Emaar South and Jumeirah Lakes Towers.
Industry insights suggest that various factors, including the attractiveness of Dubai's real estate market to foreign investors, diverse new projects, and competitive offers from real estate companies, have contributed to remarkable sales growth in the region during Ramadan, contrary to historical trends.
The figures included 3,531 sales transactions valued at 10.3 billion dirhams and 838 mortgage transactions totaling 4.1 billion dirhams, alongside 183 gift transactions worth 807 million dirhams.
The weekly sales comprised 367 land sales, 2,880 residential unit sales, and 284 building sales.
In terms of mortgages, there were 217 mortgages on land, 509 mortgages on residential units, and 120 mortgages on buildings.
The Commercial Center Area led in sales transactions with sales worth 1 billion dirhams.
The Business Bay area followed with 567 million dirhams, while Jumeirah Village Circle recorded 600 million dirhams in sales, and Dubai Airport City reached 534 million dirhams in value.
Palm Jumeirah secured fifth place with 386 million dirhams.
Additionally, a notable transaction included the sale of a commercial land plot in the Commercial Center Area for 1 billion dirhams, alongside another plot in Tecom sold for 260 million dirhams, and an off-plan residential apartment on Palm Jumeirah sold for 61 million dirhams.
Separately, the UAE's stock market attracted 124.4 billion dirhams in liquidity during the first quarter of 2025, with 83.3 billion dirhams in Abu Dhabi's market and 41.12 billion dirhams in Dubai's. Overall, 36.5 billion shares were traded across 2.2 million transactions.
In Dubai, notable stock performances since the start of 2025 included a 44.3% rise for Emirates Islamic Bank shares, 36.25% for Union Properties, and 31.5% for Sudan's Salam Bank, among others.
Emaar properties accounted for 42.8% of total liquidity in the Dubai Financial Market.
Foreign investors (non-Arabs) entered the Dubai market, achieving a net investment of 1.1 billion dirhams, with total buying valued at 17.6 billion dirhams against 16.5 billion dirhams in sales.
The Abu Dhabi Index closed at 9,368.81 points, down 0.53% year-to-date.
The Dubai market index remained at 5,096.24 points, down 4.16% in March, while Abu Dhabi's general index declined by 2.05% during the same period.
Since the beginning of Ramadan, Dubai's real estate sales reached 46.10 billion dirhams, reflecting a record high demand across 14,710 transactions.
Real estate experts noted that sales in Dubai have exceeded traditional expectations of a slowdown during Ramadan, indicating strong investor interest in the sector.
From the start of Ramadan up until now, 11,689 residential units, 1,326 buildings, and 1,695 plots of land have been sold.
Mortgage transactions since Ramadan began totaled 15.05 billion dirhams across 3,168 transactions, including 2,002 residential units, 450 buildings, and 884 land plots.
The total value of real estate gifts recorded during this period amounted to 2.48 billion dirhams from 633 transactions, involving 463 residential units, 72 buildings, and 98 plots of land.
Various residential and commercial areas in Dubai have shown increased sales activity, notably Emaar South and Jumeirah Lakes Towers.
Industry insights suggest that various factors, including the attractiveness of Dubai's real estate market to foreign investors, diverse new projects, and competitive offers from real estate companies, have contributed to remarkable sales growth in the region during Ramadan, contrary to historical trends.
