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Dubai’s property market continues to showcase remarkable momentum, with real estate transactions reaching AED20.57 billion ($5.6 billion) in the final week of October, according to data from the Dubai Land Department (DLD). The week between October 27 and 31 saw a total of 4,461 sales transactions, underlining steady investor appetite across residential and luxury segments.
Sales dominated the week’s activity, contributing AED16.76 billion ($4.6 billion) of the total. Mortgage registrations accounted for another AED3.07 billion ($836 million), while property gifts were valued at AED740 million ($201 million).
Among the week’s standout transactions was the sale of a high-end apartment in Volante 2, Business Bay, for AED86.6 million ($23.6 million). The exclusive property, located along the Dubai Canal, reflects the sustained demand for ultra-luxury residences in prime city locations.
Other notable transactions included an AED52 million ($14.2 million) apartment in Passo by Beyond – Tower A, Palm Jumeirah, and an AED49 million ($13.3 million) residence in One Canal along the Dubai Water Canal. These big-ticket deals underscore Dubai’s growing reputation as a global destination for elite real estate investment, where high-net-worth buyers continue to drive activity in the premium segment.
Analysts note that Dubai’s luxury housing market has maintained its upward trajectory throughout 2024, supported by high foreign investor interest, a strong rental market, and a steady influx of global professionals and entrepreneurs. The government’s proactive regulatory framework, visa reforms, and infrastructure projects have further strengthened buyer sentiment.
While premium properties dominate headlines, the mid-market segment also remains active, with several developments in areas like Jumeirah Village Circle, Dubai Hills, and Arjan drawing robust sales. The consistent volume of transactions reflects a diversified market supported by end-users and investors alike.
Industry observers say the continued pace of transactions, paired with Dubai’s resilient economic fundamentals, positions the city’s real estate sector for further stability and expansion heading into 2026.
As Dubai continues to attract global capital, the latest figures reaffirm its standing as one of the world’s most dynamic property markets, blending luxury, lifestyle, and long-term investment value.
