Dubai’s real estate market recorded notable activity yesterday, Monday, with total property transactions reaching approximately AED 5 billion across 1,465 deals, according to a report by the Dubai Land Department.
The beginning of the week was driven by strong sales valued at around AED 3.96 billion through 1,168 transactions. Areas that stood out included Yalayis 5, which alone achieved sales worth AED 585.2 million, followed by Yalayis 1 with AED 182.5 million, Umm Suqeim 1 at AED 165.7 million, Al Khairan 1 with AED 104.7 million, and Al Wasl with AED 89.4 million.
Regarding mortgages, the total value reached approximately AED 931 million through 257 transactions. Dubai Airport City topped the mortgage list with AED 200 million, followed by Palm Jumeirah at AED 83.5 million, and Dubai Silicon Oasis with AED 50 million.
Finally, gifts accounted for a notable share of market activity, with property donations totaling about AED 105.1 million across 40 transactions. The most prominent gifting activity was recorded in Al Wasl at AED 28 million, Dubai Hills with AED 18.8 million, and Business Bay at AED 12 million.
These figures reflect the continued strength and momentum of Dubai’s real estate market, which keeps attracting investors from around the world and reinforces the emirate’s position as a leading global investment destination.
