A Historic Start to the Year .. 44 Billion Dirhams in Dubai Real Estate Sales in January

Dubai real estate sales in January amounted to nearly AED 44 billion, resulting from 14,060 transactions, an increase of 24.3% and 24.5% in terms of value and number, compared to the same month in 2024, which recorded AED 35.4 billion through 11,283 transactions, according to data from the emirate’s Land and Property Department.

The total value of real estate transactions in Dubai during the first month of the new year reached approximately AED 58 billion, resulting from 18,710 transactions, which included, in addition to sales, the registration of 3,992 mortgage transactions worth AED 11 billion, and 665 donation procedures worth AED 3 billion. Sales of real estate under construction/off-plan in Dubai recorded 7,298 transactions worth AED 15 billion, equivalent to 34% of the total, while the value of ready properties amounted to AED 29 billion, with a share of 66%, resulting from 6,762 transactions.

Land sales reached AED 20.8 billion, resulting from 2,733 transactions, followed by residential apartments at AED 19.1 billion, through 10,187 transactions, while villas and houses ranged around AED 4 billion, through 1,141 transactions, bringing the total sales of residential units (apartments and villas) to AED 23.1 billion, achieved through 11,328 transactions.

Airport City came first in the areas with the highest sales for real estate, as this area recorded sales worth AED 2.48 billion, valued at 334 transactions, followed by Palm Jebel Ali in second place with AED 2.08 billion, through 95 transactions, and Al Yufrah 1 came in third with AED 1.99 billion, resulting from 1,549 transactions, while Burj Khalifa came in fourth with AED 1.79 billion, valued at 359 transactions, and Wadi Al Safa 4 came in fifth with AED 1.72 billion, valued at 493 transactions.

Business Bay came in sixth place with a value of AED 1.65 billion through 710 transactions, followed by Palm Jumeirah in seventh place with AED 1.55 billion resulting from 121 transactions, and Al Yalayis 1 in eighth place with AED 1.47 billion, through 821 transactions, followed by Jumeirah Village Circle in ninth place with a value of AED 1.37 billion, through 964 transactions, while the tenth place went to the Hind City 4 area with AED 1.3 billion resulting from 681 transactions. The real estate market recorded, during the week, total transactions worth AED 13.6 billion, resulting from 4,464 transactions, including sales worth AED 11 billion (3,343 transactions), mortgages worth AED 2.6 billion (1,006 transactions), and 115 gifts worth AED 1 billion.

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