Friday's market saw a quieter yet significant AED 1.57 billion in sales, with 502 transactions. As expected on a weekend day, volume was lower but high-value deals in premium waterfront locations like La Mer and Palm Jumeirah drove the total. Off-plan sales significantly outnumbered ready properties, highlighting continued buyer interest in future supply.
LIV Oceanside: Premium Waterfront Living on Dubai Islands
Source: Building Arabia.
Daily Totals
Exchange Rate: AED 1 = USD 0.27
| Metric | Total (AED) | Total (USD) |
|---|
| Transaction Value | 1,574,014,138 | 424,983,817 |
| Number of Deals | 502 | |
How Properties Sold
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Sales | 426 | 1,207,139,413 | 325,927,642 |
| Mortgage | 61 | 206,192,081 | 55,671,862 |
| Gifts | 15 | 160,682,644 | 43,384,314 |
| Total | 502 | 1,574,014,138 | 424,983,817 |
Property Condition
| Status | # of Deals | Value (AED) | Value (USD) |
|---|
| Off-Plan | 321 | 829,722,732 | 224,025,137 |
| Ready | 181 | 744,291,405 | 200,958,679 |
| Total | 502 | 1,574,014,138 | 424,983,817 |
Ownership Type
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Free Hold | 497 | 1,566,386,187 | 422,924,270 |
| Non Free Hold | 5 | 7,627,951 | 2,059,547 |
| Total | 502 | 1,574,014,138 | 424,983,817 |
Property Usage
| Usage | # of Deals | Value (AED) | Value (USD) |
|---|
| Residential | 493 | 1,424,357,539 | 384,576,536 |
| Commercial | 9 | 149,656,598 | 40,407,282 |
| Total | 502 | 1,574,014,138 | 424,983,817 |
Property Type Breakdown
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Unit (Flats, Offices, etc.) | 413 | 939,458,208 | 253,653,716 |
| Flats | 391 | 893,728,170 | 241,306,606 |
| Land | 41 | 457,090,048 | 123,414,313 |
| Commercial Land | 9 | 149,656,598 | 40,407,282 |
| Building (Villas) | 48 | 177,465,882 | 47,915,788 |
| Total | 502 | 1,574,014,138 | 424,983,817 |
Top 10 Areas by Value
| Area | Value (AED) | Value (USD) | # of Deals |
|---|
| LA MER | 146,236,100 | 39,483,747 | 5 |
| PALM JUMEIRAH | 102,203,052 | 27,594,824 | 5 |
| BUSINESS BAY | 91,985,495 | 24,436,084 | 30 |
| DUBAI LAND RESIDENCE COMPLEX | 83,850,906 | 22,639,745 | 48 |
| Palm Deira | 80,766,154 | 21,806,861 | 28 |
| Dubai Investment Park Second | 80,566,060 | 21,752,836 | 24 |
| JUMEIRAH VILLAGE CIRCLE | 78,827,397 | 21,283,397 | 60 |
| EMIRATE LIVING | 69,680,010 | 18,813,603 | 3 |
| Me'Aisem First | 61,449,000 | 16,591,230 | 2 |
| INTERNATIONAL CITY PH 2 & 3 | 59,065,000 | 15,947,550 | 4 |
Other areas accounted for the remaining 719,184,964 AED (194,200,940 USD) across 348 transactions. Notable activity was seen in Dubai Maritime City, Wadi Al Safa 4, Majan, and Dubai Marina.
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.