Dubai Real Estate Market Soars This Summer: AED 87 Billion in 27,000 Transactions Over 37 Days
Since the start of summer on June 1st, Dubai’s real estate market has witnessed an extraordinary surge, with total sales surpassing AED 87 billion over 37 working days. These impressive figures were driven by 27,100 transactions, which translates to an average of AED 2.35 billion in daily sales and about 732 transactions per working day.
During this period, 21,137 residential units were sold, with off-plan properties making up the bulk of the sales. A total of 13,880 off-plan units were sold, while 7,257 ready units were purchased. Additionally, 2,194 building transactions were recorded, consisting of 1,438 off-plan and 756 ready units. Land sales amounted to 3,781 transactions.
Business Bay Leads the Market in Transaction Volume
Business Bay emerged as the top performer in Dubai’s real estate market, leading in transaction value with AED 5 billion from 2,078 deals. Following Business Bay were Al Wasl with AED 4.51 billion from 711 transactions and Dubai Hills with AED 4.4 billion from 1,445 deals.
Mortgage activity reached AED 24.2 billion across 6,620 transactions. Business Bay again took the lead in mortgage transactions, accounting for AED 2.95 billion from 302 actions. The First Trade Center followed closely with AED 1.46 billion from 3 mortgage deals, while Dubai Marina secured third place with AED 867 million from 500 mortgage actions.
Gift Transactions: Business Bay Dominates Again
In terms of gift transactions, Business Bay also led the market, with AED 960 million in value from 132 gift deals. Burj Khalifa followed with approximately AED 543 million in gifts from 71 transactions, while Palm Jumeirah ranked third with AED 488 million in gifts from 119 transactions.
Overall, Business Bay dominated Dubai’s real estate market across all categories—sales, mortgages, and gift transactions—amassing nearly AED 9 billion from 2,512 total actions.
Dubai’s real estate sector continues to demonstrate remarkable resilience and growth, proving itself as a top investment destination with diverse opportunities for buyers, investors, and sellers.
