Data from the Land Department indicates that transactions in the Dubai real estate market totaled AED17.73 billion ($4.8 billion) last week.

According to Land Department data, sales transactions accounted for the majority of the figures, totaling AED 13.22 billion ($3.6 billion).

Between June 23 and June 27, a total of 4,109 sales transactions were recorded.

Dubai Real Estate Last Week

According to the Land Department’s website, some of the most costly sales transactions were

An apartment in Balqais Residences in Palm Jumeirah sold for AED29m ($7.9m)

An apartment in The Royal Atlantis Resort and Residences in Palm Jumeirah sold for AED11.3m ($3.1m)

An apartment in Bayview Apartment in Dubai Harbour sold for AED11m ($3m)

Last week, the Land Department also displayed mortgage deals totaling AED 3.17 billion ($863 million).

 The total value of gift transactions during that time was AED1.34 billion ($365 million).

Why the Surge?

Several factors explain this boom:

Global capital inflows: Investors looking for stability, a high income, and lifestyle benefits are still drawn to Dubai.

Visa-linked incentives: Offers of long-term residence linked to real estate investment (5–10 year visas) can push buyers.

Financing accessibility: Credit is still accessible, encouraging both end users and speculators, as approximately AED 3.2 billion in mortgages have been approved.

Post-Expo spillover effect: The infrastructure rollouts and legacy of the 2020 Expo are improving urban appeal and connectivity.

Market Implications

Luxury premium zone: The market for luxurious apartments and villas is being transformed by ultra-high net worth individuals (UHNWI), who are prepared to pay exorbitant prices for prime locations.

Volume uptick in mainstream sales: The majority of buys were mid-range properties, which contributed to the over 4,000-transaction volume, even though blockbuster deals made headlines.

Mortgage-financed stability: The high mortgage rate indicates that debt is not being ignored; in fact, the UAE’s cheap comparative borrowing costs nevertheless encourage purchases.

Outlook

In conclusion, the AED 17.7 billion (USD 4.8 billion) transaction total for June 23–27 is more than a flash in the pan; it’s a testament to Dubai’s resilience and broad-based market dynamics. 

From palatial Palm Jumeirah estates to hundreds of everyday apartments, the UAE’s property engine remains robust, buoyed by global confidence and strategic domestic policies.