Dubai’s Real Estate Boom: A Record $5.2 Billion in Property Transactions in Just One Week

Dubai’s real estate market has once again showcased its strength and appeal. According to the latest data published by the Dubai Land Department (DLD), during a single workweek (specifically from February 24 to 28, 2025), the total value of registered real estate transactions reached a staggering AED 19.1 billion (approximately USD 5.2 billion). This number not only indicates high liquidity but also indicates the unwavering confidence of local and international investors in the growth opportunities and and investment opportunities of Dubai.

Key Highlights of Dubai’s Property Market Performance for the Week Ending February 28

The direct sale and purchase segment was the market’s key driver last week. There were 4,477 transactions worth AED 13.53 billion (around USD 3.7 billion). This huge figure reflects strong and sustained demand across various market segments, from residential properties to commercial assets.

Among the numerous transactions, some luxury and high-end transactions stood out:

• A premium office unit in the “Omniyat Enara” tower, located in the highly sought-after and strategic Business Bay area, was sold for AED 84 million (approx. USD 23 million). This transaction highlights the strong demand for high-quality office space in Dubai’s premier business centers.
• Jumeirah also experienced frantic activity. Two luxury flats in the “Jumeirah Ring” project were traded for AED 55.2 million (around USD 15 million) and AED 54.4 million (around USD 14.8 million), respectively, reaffirming the success of luxury residential property with full amenities and strategic beachfront locations.

Role of Mortgage Loans and Gifted Transactions

Mortgage deals were also significant, with total value of registered housing loans amounting to AED 4.7 billion (USD 1.3 billion). This reflects the central importance of banking facilities in offering cover for purchases and maintaining market support. To launch, gift transactions mainly asset transfers within members of family units totaled 799 million dirhams ($228 million).

Conclusion

The remarkable figures from last week paint a vivid picture of the health, depth, and diversity of Dubai’s real estate market in early 2025. Consistent sales volumes, record-breaking luxury and commercial property transactions, and strong mortgage activity all point to market dynamism and enduring appeal, solidifying Dubai’s position as a global hub for property investment.

Source: https://www.propertynews.ae