Dubai Real Estate Sector Hits $6.2 Billion in Transactions Last Week
Dubai’s real estate market witnessed a remarkable performance last week, with total transactions reaching AED 22.76 billion ($6.2 billion), according to figures from the Dubai Land Department.
Sales made up the bulk of this activity, accounting for AED 19.01 billion ($5.2 billion) across 4,206 recorded deals between April 21 and April 25, 2025.
Highlight Sales
Among the standout transactions:
- A Bulgari Lighthouse apartment on Island 2 sold for AED 155.8 million ($42.4 million).
- An apartment in Orla by Omniyat, located in Palm Jumeirah, fetched AED 81.4 million ($22.2 million).
- Another luxury unit at The Royal Atlantis Resort Residences in Palm Jumeirah sold for AED 34.5 million ($9.3 million).
Mortgages and Gifted Properties
In addition to sales, mortgage agreements totaled AED 2.74 billion ($746 million) during the week. Gift transactions — where ownership was transferred without a sale — amounted to AED 1.01 billion ($275 million).
This strong activity continues to showcase Dubai’s dominance as a global real estate investment destination, driven by high-end transactions and vibrant secondary market movements.
