The market delivered another strong performance, crossing AED 3.7 billion in sales. Commercial land deals continued to drive a significant portion of the total value. While Palm Jumeirah led again, we saw a notable surge in activity in City of Arabia and Dubai Maritime City, both breaking into the top three. Off-plan transactions outnumbered ready properties, but ready units captured more total capital, showing sustained demand across both segments.
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Source: Building Arabia.
Daily Totals
Exchange Rate: AED 1 = USD 0.27
| Metric | Total (AED) | Total (USD) |
|---|
| Transaction Value | 3,724,365,224 | ~ 1,005,578,610 |
| Number of Deals | 1,024 | |
How Properties Sold
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Sales | 832 | 2,876,203,277 | ~ 776,574,885 |
| Mortgage | 166 | 730,037,755 | ~ 197,110,194 |
| Gifts | 26 | 118,124,192 | ~ 31,893,532 |
| Total | 1,024 | 3,724,365,224 | ~ 1,005,578,610 |
Property Condition
| Status | # of Deals | Value (AED) | Value (USD) |
|---|
| Ready | 447 | 2,395,002,228 | ~ 646,650,602 |
| Off-Plan | 577 | 1,329,362,996 | ~ 358,928,009 |
| Total | 1,024 | 3,724,365,224 | ~ 1,005,578,610 |
Ownership Type
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Free Hold | 984 | 3,484,889,771 | ~ 940,920,238 |
| Non Free Hold | 40 | 239,475,452 | ~ 64,658,372 |
| Total | 1,024 | 3,724,365,224 | ~ 1,005,578,610 |
Property Usage
| Usage | # of Deals | Value (AED) | Value (USD) |
|---|
| Residential | 993 | 2,692,803,920 | ~ 727,057,058 |
| Commercial | 31 | 1,031,561,304 | ~ 278,521,552 |
| Total | 1,024 | 3,724,365,224 | ~ 1,005,578,610 |
Property Type Breakdown
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Land | 104 | 1,748,872,693 | ~ 472,195,627 |
| Commercial Land | 28 | 738,973,565 | ~ 199,522,862 |
| Unit (Flats, Offices, etc.) | 841 | 1,658,872,565 | ~ 447,895,593 |
| Flats | 786 | 1,468,497,356 | ~ 396,494,286 |
| Building (Villas) | 79 | 316,619,965 | ~ 85,487,391 |
| Total | 1,024 | 3,724,365,224 | ~ 1,005,578,610 |
Top 10 Areas by Value
| Area | Value (AED) | Value (USD) | # of Deals |
|---|
| PALM JUMEIRAH | 244,054,267 | ~ 65,894,652 | 14 |
| CITY OF ARABIA | 243,915,940 | ~ 65,857,304 | 5 |
| DUBAI MARITIME CITY | 234,287,509 | ~ 63,257,627 | 24 |
| BUSINESS BAY | 193,248,371 | ~ 52,177,060 | 64 |
| JUMEIRAH VILLAGE CIRCLE | 184,085,696 | ~ 49,703,138 | 77 |
| Nad Al Shiba First | 145,972,000 | ~ 39,412,440 | 8 |
| EMIRATE LIVING | 102,496,960 | ~ 27,674,179 | 10 |
| Dubai Investment Park Second | 97,917,178 | ~ 26,437,638 | 30 |
| INTERNATIONAL CITY PH 1 | 91,748,000 | ~ 24,771,960 | 11 |
| DUBAI PRODUCTION CITY | 86,913,796 | ~ 23,466,725 | 19 |
Other areas accounted for the remaining 2,293,714,507 AED (~ 619,302,917 USD) across 816 transactions. Notable activity was seen in Madinat Al Mataar, Burj Khalifa, Marsa Dubai, Majan, and Jumeirah Village Triangle.
Disclaimer:
This report is based on publicly available data and Dubai Land Department (DLD) transaction summaries as of the date mentioned in the title of this post.
Final and detailed figures from the DLD may vary upon official release.
1 US Dollar = 3.672 UAE Dirhams
This report is merely informative, and all investments come with risk. You are responsible for your decisions.