Dubai Real Estate Sector Records $4 Billion in Transactions, Including $10.5 Million Apartment Sale
Dubai, UAE – January 14, 2025
The Dubai real estate market has continued its strong momentum into the new year, with the Land Department recording a total of AED 14.54 billion ($4 billion) in transactions last week. This surge in activity, covering the period from January 6 to January 10, highlights the ongoing strength of the city’s property sector, which remains a global investment hotspot.
Mortgages Lead the Way
A significant portion of the transactions last week was driven by mortgages, with AED 11.82 billion ($3.2 billion) in mortgage-based sales. This reflects the continued confidence of both local and international buyers in Dubai’s property market, where flexible financing options are fueling demand across various segments.
In total, the Land Department recorded 3,432 sales transactions over the course of the week, showcasing a healthy volume of property deals as the market enters 2025 with strong optimism.
High-Value Sales Transactions
Among the standout sales transactions were several high-value deals in premium areas of the city. The most expensive property sold was an apartment in One Canal, located in the sought-after Dubai Water Canal area, which fetched an impressive AED 38.5 million ($10.5 million). This sale underscores the strong demand for luxurious properties in prime waterfront locations.
These high-ticket sales highlight the continued appeal of Dubai’s ultra-luxury properties, which attract high-net-worth individuals (HNWIs) and investors seeking premium living spaces in some of the city's most prestigious developments.
Gift Transactions and Further Sales
In addition to the impressive sales and mortgage transactions, the Land Department also reported gift transactions valued at AED 596 million ($162.3 million) during the same period. These gift transactions indicate a continued trend of wealth transfer within the emirate, a factor that contributes to the vibrancy and liquidity of Dubai’s real estate market.
Additionally, sales deals worth AED 2.12 billion ($577.3 million) were recorded, reinforcing the strength of Dubai’s property sector as it begins the year on a solid footing.
Outlook for the Dubai Real Estate Market
With strong sales figures, particularly in the luxury and high-end segments, Dubai's real estate market is poised to continue attracting both investors and homebuyers throughout 2025. The city’s strategic developments, such as those along the Water Canal and in iconic areas like Burj Khalifa, are expected to remain key drivers of growth in the coming months.
As Dubai continues to position itself as a global real estate leader, the combination of attractive investment opportunities, flexible financing options, and world-class amenities makes the city an ideal destination for both local and international buyers.
In conclusion, the Dubai real estate market is off to a robust start in 2025, with a total of AED 14.54 billion ($4 billion) in transactions recorded in just one week. As the year progresses, the market is set to build on this momentum, continuing to offer lucrative opportunities for investors across all segments.
