The market delivered another exceptional performance on Christmas Eve, exceeding AED 4.37 billion in total sales. The day was defined by two massive commercial land transactions in Al Hebiah First and Palm Jabal Ali, which together accounted for over AED 1.37 billion and heavily influenced the commercial sector's dominant share of the value. Despite a higher volume of off-plan sales, ready properties captured significantly more capital, continuing the week's trend.
Safa Gate by DAMAC Luxury Apartments on Sheikh Zayed Road
Source: Building Arabia.
Daily Totals
Exchange Rate: AED 1 = USD 0.27
| Metric | Total (AED) | Total (USD) |
|---|
| Transaction Value | 4,378,080,719 | 1,182,081,794 |
| Number of Deals | 1,174 | |
How Properties Sold
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Sales | 935 | 3,570,463,172 | 964,025,056 |
| Mortgage | 195 | 555,541,164 | 149,996,114 |
| Gifts | 44 | 252,076,382 | 68,060,623 |
| Total | 1,174 | 4,378,080,719 | 1,182,081,794 |
Property Condition
| Status | # of Deals | Value (AED) | Value (USD) |
|---|
| Ready | 528 | 2,818,283,808 | 760,936,629 |
| Off-Plan | 646 | 1,559,796,911 | 421,145,166 |
| Total | 1,174 | 4,378,080,719 | 1,182,081,794 |
Ownership Type
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Free Hold | 1,122 | 3,800,167,711 | 1,102,045,282 |
| Non Free Hold | 52 | 577,913,008 | 156,036,512 |
| Total | 1,174 | 4,378,080,719 | 1,182,081,794 |
Property Usage
| Usage | # of Deals | Value (AED) | Value (USD) |
|---|
| Commercial | 42 | 1,712,232,256 | 462,302,709 |
| Residential | 1,132 | 2,665,848,463 | 719,779,085 |
| Total | 1,174 | 4,378,080,719 | 1,182,081,794 |
Property Type Breakdown
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Land | 118 | 2,164,780,163 | 584,490,644 |
| Commercial Land | 38 | 1,635,693,596 | 441,637,271 |
| Unit (Flats, Offices, etc.) | 925 | 1,707,312,787 | 460,974,453 |
| Flats | 846 | 1,467,462,862 | 396,214,973 |
| Building (Villas) | 131 | 505,987,769 | 136,616,698 |
| Total | 1,174 | 4,378,080,719 | 1,182,081,794 |
Top 10 Areas by Value
| Area | Value (AED) | Value (USD) | # of Deals |
|---|
| Al Hebiah First | 700,000,000 | 189,000,000 | 1 |
| Palm Jabal Ali | 670,490,000 | 181,032,300 | 55 |
| Dubai Investment Park Second | 259,017,486 | 69,934,721 | 70 |
| BUSINESS BAY | 162,427,356 | 43,855,386 | 52 |
| Al Nahda First | 138,000,000 | 37,260,000 | 1 |
| Nad Al Shiba First | 128,625,000 | 34,728,750 | 12 |
| Mankhool | 125,000,000 | 33,750,000 | 1 |
| JUMEIRAH VILLAGE CIRCLE | 98,454,357 | 26,582,676 | 75 |
| Madinat Al Mataar | 85,583,076 | 23,107,431 | 34 |
| Palm Deira | 82,340,278 | 22,231,875 | 25 |
Other areas accounted for the remaining 1,929,143,166 AED (520,868,655 USD) across 917 transactions. Strong activity continued in Burj Khalifa, Majan, Dubai Science Park, and Motor City.
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.