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Dubai Property Market Hits $4bn in Weekly Deals, Palm Jumeirah Sets Record
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Dubai Property Market Hits $4bn in Weekly Deals, Palm Jumeirah Sets Record

Dubai’s real estate market achieves $4bn in transactions, featuring a $35.4m Palm Jumeirah apartment sale. Discover the week’s biggest property deals.

Vadim Kouznetsov
1–2 minutes
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Record-Breaking Week in Numbers

Dubai’s property market demonstrated remarkable activity, with the Land Department reporting transactions worth AED14.54bn ($4bn) from November 11-15, 2024.

Transaction Breakdown

  • Sales transactions: AED9.12bn ($2.5bn)
  • Mortgage deals: AED3.33bn ($907m)
  • Gift transactions: AED2.09bn ($569m)

Premium Property Highlights

Top Sales This Week

Six Senses Residences, The Palm
Six Senses Residences, The Palm
  1. Six Senses Residences, The Palm
    • Sale price: AED130m ($35.4m)
    • Property type: Apartment
  2. Bugatti Residences by Binghatti
    • Sale price: AED110.1m ($30m)
    • Property type: Apartment
  3. Burj Khalifa Towers
    • Sale price: AED50m ($13.6m)
    • Property type: Office space

Market Activity Overview

The week saw 3,229 sales transactions, highlighting strong market momentum across Dubai’s property sector.

Key Areas of Interest

  • Palm Jumeirah continues to lead luxury segment
  • Downtown Dubai maintains commercial appeal
  • Branded residences show increasing demand

Investment Insights

Premium Property Trends

  • Luxury residential sector remains robust
  • Branded developments command premium prices
  • Commercial property market shows strength

Market Performance Indicators

Transaction Volume

  • Over 3,000 weekly sales
  • Significant mortgage activity
  • Strong gift transaction numbers

For the latest updates on Dubai’s property market, follow official Dubai Land Department channels.

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