Total Sales Value and Volume
The daily property market sales in Dubai on Tuesday, 7 January 2025, saw a total of 594 transactions worth a staggering 2.4 billion AED. This indicates a robust market activity, showcasing investor confidence and a healthy demand for properties in the region.
The Most Prominent Transactions
Among the most prominent transactions were properties in regions like Business Bay, Jabal Ali First, Al Barsha South Fourth, and Nadd Hessa. These transactions included a mix of apartments and villas, both in the resale and primary market stages. The diversity in property type and location suggests a well-rounded market with options for various buyer preferences.
The Most Expensive Properties Sold
The most expensive properties sold on this day were in Business Bay, with apartments fetching prices ranging from 980K AED to 945K AED. These properties were of varying sizes, indicating a demand for luxury living spaces in prime locations. The high prices also reflect the premium attached to properties in sought-after areas like Business Bay.
Sale Summary
The sale summary highlighted the success of various primary market (by developer) projects like Wadi Al Safa 4, Vanguard By Frank Muller, and Cove Edition Residence 2 By Imtiaz. These projects recorded significant sales volume, showcasing the popularity and attractiveness of new developments for buyers and investors alike.
New Projects
Several new projects were launched, including Vida Residences Club Point-Building A, Porto View, and Pier Point 2. These projects indicate the continuous growth and development in Dubai's property market, offering fresh opportunities for buyers looking for modern and innovative housing solutions.
Overall Review
Overall, the daily property market sales overview in Dubai on 7 January 2025 demonstrated a vibrant and active market with a total of 594 transactions valued at 2.4 billion AED. The diversity in transactions, prominent sales, and new project launches indicate a thriving real estate sector in Dubai, attracting both local and international buyers.