Real Estate

Dubai Real Estate Market Hits $3.9bn in Weekly Transactions, Two Palm Jumeirah Apartments Sold for Over $20m Each

New figures released revealed that Dubai real estate market had a busy week, with its value of the transactions that took place from July 1 to July 5 exceeding AED14. 3bn ($3. 9bn). Meanwhile figures from the land Department revealed that sales accounted for the major count being AED 9. 47 billion ($ 2. 6 billion) it being the key function.

Key Transactions

Palm Jumeirah Luxury Apartments:

  • An apartment in Orla Infinity being developed by Omniyat was transacted at AED77m ($20. 9m).
  • A similar flat within the same building was purchased for AED75,800,000 ($20,600,000).

Baccarat Residences:

  • An apartment located in the proximity to Burj Khalifa was reportedly bought for AED 43,500,000, that is $ 11,800,000.

Mortgage and Gift Transactions

  • Mortgage Deals: With a total of AED3. 87bn ($1. 05bn)
  • Gift Transactions: Combined reached AED925m or $252m.

Overview

The total count of the sales transaction noted was 3,168, and it clearly shows there is brisk transactions and interest going on in the Dubai real estate especially on the luxury properties.

Ra'uf Asim Rahal

Recent Posts

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

Because Eid Al Adha 2025 falls on a four-day holiday in the UAE, there are…

23 hours ago

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

Dubai’s Roads and Transport Authority (RTA) has made parking and public transportation changes for the…

24 hours ago

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

Dubai is getting ready for a unique Titanic-themed virtual reality experience that will let users…

2 days ago

Abu Dhabi Signs Major Deal with FilmGate to Produce 15 UAE-Based Film Projects

As part of its plan to boost the UAE film industry, the Abu Dhabi’s Creative…

2 days ago

Dubai Reserves Four Beaches for Families During Eid Al Adha 2025

For Eid Al Adha in 2025, Dubai Municipality has let the public know that four…

2 days ago

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

Dubai will be offering longer park hours, different recreational events and safe services at abattoirs…

3 days ago