Dubai real estate records $7.1bn in transactions as ultra-luxury deals dominate
Dubai’s property market continues to demonstrate exceptional momentum, recording AED26 billion ($7.1 billion) in real estate transactions in a single week, underlining sustained investor confidence across all segments — from mainstream housing to ultra-luxury assets.
According to data released by the Dubai Land Department, the week saw 4,467 sales transactions completed between December 8 and 12, with sales activity accounting for the majority of the total value.
Sales activity leads weekly market performance
Sales transactions alone reached AED18.72 billion ($5.1 billion), confirming that buyer demand remains the primary engine of market activity. The volume of transactions reflects a balanced mix of end-user purchases, investment acquisitions, and high-value luxury deals.
Mortgage registrations also remained strong, totaling AED6.77 billion ($1.8 billion), highlighting continued financing activity alongside cash purchases.
$150m Bugatti apartment tops luxury sales
Ultra-prime properties once again played a defining role in weekly figures, with several standout transactions recorded across Dubai’s most sought-after developments.
Among the highest-value deals were:
- AED550 million ($150 million) apartment at Bugatti Residences in Business Bay
- AED61.1 million ($16.6 million) apartment at Enara, Business Bay
- AED52.1 million ($14.2 million) apartment at Solaya 3, Jumeirah First
These transactions reinforce Dubai’s growing status as a global hub for branded and super-luxury residences, where record-breaking prices are becoming increasingly frequent.
Gifts and mortgages add to market depth
In addition to sales and mortgages, gift transactions reached AED465 million ($127 million) during the same period, contributing further to overall market liquidity and activity.
The combination of sales, mortgage financing, and non-sale transfers reflects a diverse and mature real estate ecosystem, capable of supporting sustained growth even amid global economic uncertainty.
A strong close to the year for Dubai property
Weekly transaction volumes at this scale underline Dubai’s position as one of the world’s most active and resilient real estate markets. Strong participation across luxury, mid-market, and financing segments signals continued confidence from local, regional, and international buyers.
As demand for premium residences remains firm and transactional velocity stays high, Dubai’s real estate sector appears well-positioned to carry this momentum forward into the coming months.
Source: Arabian Business
