Industry News & Insights

21 Apr 2025

Dubai Real Estate Records $4.9 Billion in Weekly Transactions, Highlighted by $17M Palm Jumeirah Sale

Dubai Real Estate Records $4.9 Billion in Weekly Transactions, Highlighted by $17M Palm Jumeirah Sale

The Dubai real estate market saw AED17.99 billion ($4.9 billion) in transactions between April 14 and April 18, as per data from the Dubai Land Department. A total of 4,662 sales transactions were recorded during the week, with sales alone amounting to AED13.52 billion ($3.7 billion).

Among the top sales were high-end properties including:

  • An apartment in The Alba Residences, Palm Jumeirah, sold for AED61.3 million ($16.7 million)

  • An apartment in Address Grand Downtown, Burj Khalifa, sold for AED51.6 million ($14.1 million)

  • Another unit in The Alba Residences sold for AED51.6 million ($14 million)

The week also saw AED3.66 billion ($996.5 million) in mortgage transactions, along with AED805.4 million ($219.3 million) worth of property gifts.

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