Dubai Real Estate Booms with $2.4 Billion Transactions,including huge $41m mortgage in Palm Jumeirah Dubai

Dubai’s real estate sector is making headlines once again, witnessing a staggering $2.4 billion in transactions for the week ending December 1, according to data from the Dubai Land Department. With 1,802 transactions taking place, the city’s property market remains a vibrant hub for investors and homebuyers alike. Let’s delve into the details of this week’s real estate frenzy, highlighting key transactions and trends that are shaping Dubai’s property landscape.

Land Transactions:

A significant portion of the transactions involved land, with a total of 422 plots changing hands for a whopping AED2.94 billion ($801 million). The top three land deals featured a prestigious plot in Hadaeq Sheikh Mohammed Bin Rashid sold for AED125 million ($34 million), followed by transactions in Al Barsha South Fourth and Palm Jumeirah, valued at AED73.5 million ($20 million) and AED70 million ($19 million), respectively.

Top Locations and Transactions:

Wadi Al Safa 2 emerged as the hotspot for real estate transactions, recording 126 sales transactions totaling AED124.44 million ($34 million). Other notable areas include Madinat Al Mataar, with 96 transactions worth AED185.01 million ($50 million), and Palm Jebel Ali, boasting 48 transactions amounting to AED1.31 billion ($357 million).

Apartment and Villa Sales:

In the residential segment, 1,380 apartments and villas changed hands, generating AED3.23 billion ($880 million) in sales. The top three transfers in this category featured a property in Al Qusais Industrial Second sold for AED275 million ($75 million), an Island 2 apartment for AED60 million ($16 million), and a home in Um Suqeim First fetching AED59 million ($16 million).

Mortgage Activity:

Mortgage activity remained robust, with a total of AED1.39 billion ($379 million) in mortgages for the week. The largest mortgage was secured against a piece of land in Palm Jumeirah, amounting to an impressive AED149.75 million ($41 million).

Family Transactions:

Highlighting familial ties in real estate, 156 properties were transferred between first-degree relatives, accumulating a value of AED738 million ($201 million). This emphasizes the enduring appeal of Dubai’s real estate market as a preferred choice for family investments.


Dubai’s real estate sector continues to demonstrate resilience and vitality, attracting significant investments across various segments. Whether it’s prestigious land plots, luxurious apartments, or family-oriented transactions, the diversity in the market is a testament to the city’s enduring appeal for both local and international investors. As Dubai positions itself as a global real estate powerhouse, these recent transactions underscore its reputation as a dynamic and prosperous hub for property enthusiasts. Stay tuned for more updates on Dubai’s ever-evolving real estate landscape.