Dubai's real estate market posted AED 19.71 billion ($5.36 billion) in total transactions for the week of June 10–14, 2024, according to data from the Dubai Land Department — up roughly AED 2.05 billion from the previous week's AED 17.5 billion ($4.8 billion).
Sales Dominate the Market
Sales activity drove the majority of volume, contributing AED 14.71 billion ($4 billion) across 4,590 individual transactions during the five-day period. That level of deal flow reflects strong and sustained demand from both investors and end-users across the emirate.
Among the standout transactions recorded on the Land Department platform were:
- An apartment in Bulgari Lighthouse, Island 2, sold for AED 148 million ($40 million) - An apartment in Six Senses Residences The Palm, Palm Jumeirah, sold for AED 122 million ($33.2 million) - An apartment in Casa Canal, Dubai Water Canal, sold for AED 56 million ($15.3 million)
Mortgage and Gift Transactions
Beyond outright sales, mortgage transactions totalled AED 3.37 billion ($918 million) over the same period. Gift transactions — transfers of property between related parties — reached AED 1.63 billion ($444 million), rounding out the week's overall activity.
Market Outlook
The latest Dubai real estate transaction data points to a healthy and growing market, with premium property deals continuing to attract high-net-worth investors. The elevated weekly volumes underscore the sector's resilience and its appeal as a destination for both regional capital and international investment.
