Dubai Records $12.6B Property Transactions in August
Dubai’s real estate market registered transactions worth a combined AED46.22bn ($12.58bn) in August, including AED27.89bn ($7.59bn) in property sales, according to data from the Dubai Land Department.
The month saw 11,601 property sales, while mortgages and gift transactions took total activity across the three categories to 15,611 deals. One of August’s largest transactions was an AED79m ($21.5m) property at Orla Infinity by Omniyat on Palm Jumeirah.
Dubai Property Sales
Dubai recorded 11,601 property sales worth a total of AED 27.89 bn ($7.59bn) between August 1 and August 31.
The sales comprised 10,124 units, 684 buildings, and 793 land plots, based on Dubai Land Department data.
The figures highlight the breadth of activity across Dubai’s residential and wider real estate sectors, with both existing and off-plan properties contributing to the overall sales value.
Palm Jumeirah property sells for $21.5m
Luxury real estate remained a prominent feature among Dubai’s highest-value deals in August.
A property at Orla Infinity by Omniyat on Palm Jumeirah changed hands for AED79m ($21.5m), according to Dubai Land Department transaction data.
Another notable deal was recorded at Jumeirah Residences Asora Bay in Jumeirah First, where a 725.25 sq m property was sold for AED 65 m ($17.7m).
In Business Bay, the first sale at Bugatti Residences by Binghatti was valued at AED 63 m ($17.2m).
Dubai Luxury Property Deals Top AED50M
Jumeirah Second was also among the locations featuring some of August’s largest property transactions.
A resale at Aman Residences – Tower 1 was completed for AED57,555,304 ($15.67m).
Meanwhile, an office at Lumena by Omniyat in Business Bay sold for AED57,197,834 ($15.58m). The first-sale transaction covered 837.22 sq m. A separate resale at Aman Residences Dubai – Tower 2 reached AED54,736,514 ($14.90m).
Other high-value deals recorded by the Land Department included an AED48,750,200 ($13.28m) office at Lumena Alta by Omniyat in Business Bay and an AED45,863,000 ($12.49m) property at Solaya 6 in La Mer.
A first sale at Bugatti Residences by Binghatti was also valued at AED45.2m ($12.31m), while a resale at Rosewood Residences in Jumeirah Second reached AED44,398,000 ($12.09m).
Dubai Mortgages Reach $3.9B
Mortgage transactions accounted for a further AED14.36bn ($3.91bn) in August.
According to Land Department data, 3,390 mortgage transactions were recorded during the month, comprising 2,244 units, 476 buildings, and 1,015 land plots.
When combined with property sales, the value of sales and mortgage transactions reached AED 42.25 bn ($11.50bn).
Property Gifts Exceed $1B
Dubai also recorded 620 property gift transactions worth a combined AED 3.97 bn ($1.08bn) in August.
These transactions covered 442 units, 53 buildings, and 125 land plots.
Overall, sales, mortgages, and gifts registered by the Land Department totalled 15,611 transactions worth AED46.22bn ($12.58bn) during August.
Sales accounted for the largest share by both transaction count and value, reaching AED27.89bn ($7.59bn), followed by mortgages at AED14.36bn ($3.91bn) and gifts at AED3.97bn ($1.08bn).