Dubai Hits $5 Billion in Property Transactions in Just One Week

Dubai’s real estate market continues its remarkable surge, with a staggering AED 18.51 billion ($5 billion) in property transactions recorded between June 16 and 20. This remarkable achievement underscores the emirate’s growing appeal to both local and international investors—and reflects the strategic momentum behind Dubai’s Real Estate Strategy 2033.

A Surge in Sales Activity and Strategic Investments

During this dynamic week, the Dubai Land Department registered 4,682 property sales, totaling AED 14.79 billion ($4 billion). This marks one of the strongest weekly performances in 2024, demonstrating Dubai’s continued dominance as one of the world’s top real estate investment hubs.

Further supporting this momentum:

• Mortgages amounted to AED 3.27 billion ($891 million),

• Gifts and grants contributed an additional AED 449 million ($122 million).

Among the standout transactions were:

• A AED 170 million luxury apartment in Peninsula Dubai

• A AED 73.2 million residence in Jumeirah Residences, Asora Bay

• A AED 29.6 million unit in Bayz 102, Business Bay

Dubai Real Estate Strategy 2033: Vision Meets Execution

This surge isn’t just spontaneous—it aligns closely with the emirate’s Real Estate Strategy 2033, an ambitious initiative aiming to:

Increase homeownership to 33%, and Double the real estate sector’s contribution to GDP.

With world-class infrastructure, investor-friendly regulations, and a steady influx of HNWIs and corporate buyers, Dubai continues to cement its status as a global property powerhouse.