Dubaiโs property sector showed strong activity last week, with deals topping AED 15.06 billion ($4.2 billion), as reported by the Dubai Land Department. This number shows Dubaiโs ongoing draw as a global property hotspot.
Sales led the weekโs deals, reaching AED 9.67 billion ($2.6 billion). From August 26 to August 30, 3,436 sales deals were logged, showing the sectorโs busy nature.
$19.1 Million Flat Leads Latest Prime Property Deals
Top sales included pricey flats, with one in BV Residences selling for AED 70 million ($19.1 million). Two flats in Opulent Residences also sold for AED 43 million ($11.7 million) and AED 39.9 million ($10.9 million).
The Land Department also noted big mortgage activity, with deals worth AED 4.01 billion ($1.1 billion) in the same time. Also, gift deals were worth AED 1.38 billion ($376 million) showing varied investment plans in the market.
These numbers back up places as the best Area for property investment in Dubai, thanks to its key location, top-notch infrastructure, and good economic conditions. As the market keeps growing, it stays a key part of Dubaiโs plan for economic growth.
