The market demonstrated remarkable strength on Christmas Day, closing with over AED 3.86 billion in sales. The day was defined by an extraordinary surge in high-value property gifts, which alone contributed nearly AED 1.12 billion to the total. This indicates significant year-end portfolio transfers or major family transactions. Despite a higher volume of off-plan sales, ready properties captured a greater share of the capital, and commercial land deals continued to be a major value driver.
Reportage Village Khalifa City Abu Dhabi| Luxury 3BR Townhouses
Source: Building Arabia.
Daily Totals
Exchange Rate: AED 1 = USD 0.27
| Metric | Total (AED) | Total (USD) |
|---|
| Transaction Value | 3,868,290,465 | 1,044,438,426 |
| Number of Deals | 1,043 | |
How Properties Sold
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Sales | 852 | 2,476,934,353 | 668,772,275 |
| Gifts | 55 | 1,124,438,558 | 303,598,411 |
| Mortgage | 136 | 266,917,554 | 72,067,740 |
| Total | 1,043 | 3,868,290,465 | 1,044,438,426 |
Property Condition
| Status | # of Deals | Value (AED) | Value (USD) |
|---|
| Ready | 397 | 2,223,967,326 | 600,471,178 |
| Off-Plan | 646 | 1,644,323,139 | 443,967,247 |
| Total | 1,043 | 3,868,290,465 | 1,044,438,426 |
Ownership Type
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Free Hold | 986 | 2,872,072,969 | 775,459,701 |
| Non Free Hold | 57 | 996,217,497 | 268,978,724 |
| Total | 1,043 | 3,868,290,465 | 1,044,438,426 |
Property Usage
| Usage | # of Deals | Value (AED) | Value (USD) |
|---|
| Residential | 1,011 | 2,771,991,796 | 748,437,785 |
| Commercial | 32 | 1,096,298,669 | 296,000,641 |
| Total | 1,043 | 3,868,290,465 | 1,044,438,426 |
Property Type Breakdown
| Type | # of Deals | Value (AED) | Value (USD) |
|---|
| Land | 101 | 1,783,929,798 | 481,661,045 |
| Commercial Land | 31 | 1,091,648,467 | 294,745,086 |
| Unit (Flats, Offices, etc.) | 803 | 1,508,949,047 | 407,416,243 |
| Flats | 758 | 1,373,273,943 | 370,783,965 |
| Building (Villas) | 139 | 575,411,620 | 155,361,137 |
| Total | 1,043 | 3,868,290,465 | 1,044,438,426 |
Top 10 Areas by Value
| Area | Value (AED) | Value (USD) | # of Deals |
|---|
| Dubai Investment Park Second | 390,523,774 | 105,441,419 | 100 |
| Al Raffa | 286,000,000 | 77,220,000 | 4 |
| Al Suq Al Kabeer | 251,500,000 | 67,905,000 | 8 |
| MAJAN | 234,122,257 | 63,213,009 | 128 |
| Marsa Dubai | 180,073,571 | 48,619,864 | 14 |
| Al Bada | 168,000,000 | 45,360,000 | 2 |
| PALM DEIRA | 165,742,603 | 44,750,503 | 22 |
| BUSINESS BAY | 164,302,137 | 44,361,577 | 55 |
| Al Hamriya | 114,000,000 | 30,780,000 | 3 |
| JUMEIRAH VILLAGE CIRCLE | 106,801,026 | 28,836,277 | 48 |
Other areas accounted for the remaining 1,981,224,097 AED (534,930,506 USD) across 667 transactions. Notable activity continued in Madinat Al Mataar, Palm Jumeirah, Burj Khalifa, and Dubai Hills.
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.