Dubai’s real estate market continues its strong performance, recording AED 23.25 billion ($6.32 billion) in total transactions between May 26 and May 31, according to data from the Dubai Land Department.
The majority of this value came from property sales, which accounted for AED19.03 billion ($5.18 billion) through 4,908 sales transactions.
Among the top deals last week were luxury apartments in Jumeirah Residences – Asora Bay, including:
An apartment sold for AED163.8 million ($44.6 million)
Another sold for AED143.6 million ($39.1 million)
A third sold for AED121.2 million ($33.1 million)
Mortgage transactions also played a significant role, totaling AED3.47 billion ($944 million), while gift transactions were valued at AED1.08 billion ($294 million).
This surge in high-value deals, especially in prime areas like Jumeirah, highlights the ongoing demand for luxury real estate in Dubai.
