Dubai’s real estate market recorded a staggering AED 13.83 billion ($3.8 billion) in transactions last week, as reported by the Land Department. Sales accounted for AED 10.65 billion ($2.9 billion) across 3,614 deals between January 20 and 24.

Notable High-Value Sales

• AED 56.9M ($15.5M): Apartment in AVA at Palm Jumeirah by Omniyat.

• AED 31M ($8.4M): Apartment in Baccarat Residence T1, Burj Khalifa area.

• AED 25.3M ($6.9M): Apartment in Baccarat Residence T2, Burj Khalifa area.

Mortgage transactions totaled AED 2.43 billion ($662 million), while gift transactions were valued at AED 748 million ($203.5 million).

This impressive activity highlights Dubai’s continued dominance in the global real estate landscape.