Total Sales Value and Volume
On Tuesday, 4 February 2025, the Dubai property market saw a total sales value of 2.5 billion AED across 829 transactions. This indicates a robust level of activity in the real estate sector, with a significant volume of transactions taking place.
The Most Prominent Transactions
Some of the most prominent transactions in the Dubai property market on this day include properties in Al Satwa, Al Safouh Second, and Palm Jumeirah. These areas are known for their luxury properties and high demand, making them key locations for real estate investments.
The Most Expensive Properties Sold
Several luxury properties were sold for over 10 million AED on this day, including plots in Al Satwa and Al Safouh Second, as well as apartments and villas in Palm Jumeirah and Saih Shuaib. These high-value transactions showcase the demand for premium real estate in Dubai's market.
Sale Summary
The sales summary highlights the popularity of primary market apartments, with projects like Peace Lagoons and Mayflower Residences seeing a significant number of transactions. Additionally, villas in projects such as Wadi Al Safa 5 and Damac Hills 2 were also in high demand, reflecting a diverse range of buyer preferences in the market.
New Projects
Several new projects were launched, including Vida Residences Club Point and Porto View. These projects offer investors and homebuyers additional options in the market, catering to different preferences and needs.
Overall Review
Overall, the Dubai property market on Tuesday, 4 February 2025, experienced a high level of activity with a total sales value of 2.5 billion AED across 829 transactions. Luxury properties in sought-after areas like Al Satwa and Palm Jumeirah were among the most expensive properties sold, while new projects like Vida Residences Club Point and Porto View added to the diversity of options available in the market.