Dubai real estate transactions record AED 11.3 billion

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, valued at AED 7.6 billion across 2,871 deals, while mortgages totaled 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 breakdown of figures across these components reflects the diversity of real estate activity in the emirate during the week, as activity was not limited to direct sales alone, but extended to financing transactions and ownership transfers.

Friday alone witnessed transactions worth AED 2.7 billion across 965 deals, representing a significant portion of the weekly activity. This performance continues the strong momentum in Dubai's real estate market in recent weeks, driven by sustained demand for residential and commercial units across various areas of the emirate.

Market observers believe that the variation in transaction components—spanning sales, mortgages, and gifts—indicates a market operating on multiple tracks, as mortgages enable buyers to purchase through bank financing. The daily transaction volume remains the most closely watched indicator of demand strength in the emirate's real estate market, alongside the total transaction value. Investors are tracking next week's figures 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 granted by a bank to purchase a property against collateral, recorded as part of transactions. A gift is the transfer of property ownership without financial consideration. Sales are purchase and sale transactions in which ownership is transferred for a monetary sum.