The market remained active through the weekend, with nearly 900 transactions totalling AED 2.69 billion. The trend of ready properties commanding a higher total value than off-plan continued, even with a higher volume of off-plan sales. Premium waterfront and established community developments like La Mer, Dubai Hills, and Dubai Investment Park areas led the activity. High-value land sales also contributed significantly to the three-day total.
Sparklz Al Furjan Apartments | Danube Properties
Source: Building Arabia.
Three-Day Totals
Exchange Rate: AED 1 = USD 0.27
| Metric | Total (AED) | Total (USD) |
|---|
| Transaction Value | 2,690,813,372 | 726,519,609 |
| Number of Deals | 879 | |
How Properties Sold
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Sales | 716 | 2,121,129,272 | 572,704,903 |
| Mortgage | 140 | 335,570,689 | 90,604,086 |
| Gifts | 23 | 234,113,411 | 63,210,621 |
| Total | 879 | 2,690,813,372 | 726,519,609 |
Property Condition
| Status | # of Deals | Value (AED) | Value (USD) |
|---|
| Ready | 403 | 1,487,390,274 | 401,595,374 |
| Off-Plan | 476 | 1,203,423,098 | 324,924,236 |
| Total | 879 | 2,690,813,372 | 726,519,609 |
Ownership Type
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Free Hold | 830 | 2,420,842,916 | 653,627,587 |
| Non Free Hold | 49 | 269,970,456 | 72,892,023 |
| Total | 879 | 2,690,813,372 | 726,519,609 |
Property Usage
| Usage | # of Deals | Value (AED) | Value (USD) |
|---|
| Residential | 861 | 2,405,222,510 | 649,410,078 |
| Commercial | 18 | 285,590,862 | 77,109,533 |
| Total | 879 | 2,690,813,372 | 726,519,609 |
Property Type Breakdown
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Unit (Flats, Offices, etc.) | 684 | 1,360,996,237 | 367,468,984 |
| Flats | 636 | 1,210,160,150 | 326,743,241 |
| Land | 83 | 948,406,152 | 256,069,661 |
| Commercial Land | 16 | 269,866,156 | 72,863,862 |
| Building (Villas) | 112 | 381,410,983 | 102,980,965 |
| Total | 879 | 2,690,813,372 | 726,519,609 |
Top 10 Areas by Value
| Area | Value (AED) | Value (USD) | # of Deals |
|---|
| LA MER | 224,707,371 | 60,670,990 | 7 |
| Dubai Investment Park Second | 158,251,053 | 42,727,784 | 42 |
| DUBAI HILLS | 143,548,918 | 38,758,207 | 15 |
| Um Suqaim First | 140,718,874 | 37,994,096 | 1 |
| Madinat Al Mataar | 136,149,436 | 36,760,348 | 70 |
| JUMEIRAH VILLAGE CIRCLE | 104,772,761 | 28,288,646 | 57 |
| DUBAI INVESTMENT PARK FIRST | 91,380,719 | 24,672,794 | 6 |
| BUSINESS BAY | 77,800,948 | 21,006,256 | 39 |
| Madinat Dubai Almelaheyah | 75,297,750 | 20,330,393 | 10 |
| EMIRATE LIVING | 68,950,232 | 18,616,563 | 3 |
Other areas accounted for the remaining 1,469,235,210 AED (396,689,533 USD) across 679 transactions. Notable activity was seen in Al Furjan, Burj Khalifa, Jumeirah Lakes Towers, and Dubai Land Residence Complex.
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.