Dubai real estate transactions record 11.3 billion
تسجل دبي تعاملات عقارية بقيمة 11.3 مليار درهم عبر 4,077 صفقة في أسبوع، تتصدرها المبيعات بقيمة 7.6 مليار درهم، وفق تطبيق «دبي رست».
Dubai recorded real estate transactions worth AED 11.3 billion across 4,077 deals in a single week, according to data from the "Dubai REST" application. Sales accounted for the largest share of these transactions, totaling AED 7.6 billion across 2,871 deals, while mortgages reached AED 3.05 billion across 976 deals.
Gifts recorded approximately AED 648 million across 230 deals, adding a third component to total transactions alongside sales and mortgages. The distribution of figures across these components reflects the diversity of real estate activity in the emirate during the week, as activity is not limited to direct sales alone, but extends to financing and ownership transfer deals.
Friday alone witnessed transactions worth AED 2.7 billion across 965 deals, accounting for a significant portion of the weekly movement in just one day. This performance continues strong momentum in the Dubai real estate market in recent weeks, driven by sustained demand for residential and commercial units across multiple areas of the emirate.
Market observers view the varied components of transactions—spanning sales, mortgages, and gifts—as an indication of a market operating on multiple tracks, given that mortgages provide buyers with purchasing capacity through bank financing. The volume of daily deals remains the most closely monitored indicator of demand strength in the emirate's real estate market, alongside total transaction value. Investors are tracking next week's numbers to compare performance and assess whether the current momentum is sustainable.
What do these terms mean?
"Dubai REST" is an official application displaying real estate transaction data in Dubai. A mortgage is financing provided by a bank to purchase a property in exchange for mortgaging it, registered as part of transactions. A gift is the transfer of property ownership without financial consideration. Sales are buy-and-sell transactions in which ownership is transferred in exchange for a monetary amount.
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