Total Sales Value and Volume
The property market in Dubai saw a significant total sales value of 3.5 billion AED from 698 transactions on Wednesday, 19 February 2025. This indicates a robust real estate market in the city, attracting both local and international investors. The high volume of transactions reflects the continued interest in Dubai's property sector, making it a desirable investment destination.
The Most Prominent Transitions
Among the most prominent transactions were:
- Palm Deira: Plot worth 67.2 million AED
- Palm Jumeirah: Villa worth 48 million AED
- Al Wasl: Apartment worth 33 million AED
These luxury properties showcase the high-end offerings in Dubai's property market, catering to affluent buyers who seek premium real estate options. The transactions in these exclusive locations highlight the allure of luxury living in the city.
The Most Expensive Properties Sold
The sale of luxury properties in Dubai included:
- Palm Deira: Plot worth 67.2 million AED
- Palm Jumeirah: Villa worth 48 million AED
- Al Wasl: Apartment worth 33 million AED
- Al Hebiah Third: Villa worth 31.9 million AED
These high-value transactions demonstrate the premium segment of Dubai's property market, showcasing opulent residences that command top prices. The demand for luxury properties in key neighborhoods continues to drive the city's real estate market.
Sale Summary
The sale summary highlighted a strong performance in various property categories:
- Primary market apartments in Palm Deira with a total sale volume of 90 million AED
- Primary market villas in Palm Jabal Ali with a total sale volume of 1.2 billion AED
- ReSale apartments in The Royal Atlantis with a total sale volume of 27.2 million AED
- ReSale villas in Frond D Villas with a total sale volume of 48 million AED
These sales indicate a diverse market with strong interest across different property types, reflecting the varied preferences of investors and homebuyers in Dubai. The balanced sales performance across primary and resale markets signifies a healthy real estate ecosystem in the city.
New Projects
Several new projects were launched in Dubai, offering exciting opportunities for property buyers:
- Vida Residences Club Point-Building A: Handover by 28/02/29
- Porto View: Handover by 31/10/28
- Pier Point 2: Handover by 31/10/28
- Luminar Tower 2: Handover by 27/10/26
These new developments introduce innovative and modern living concepts to the Dubai property market, catering to evolving lifestyle preferences and architectural trends. The launch of these projects adds to the city's dynamic real estate landscape, providing buyers with a range of options to choose from.
Overall Review
In conclusion, the Dubai property market experienced a bustling day of sales with a total value of 3.5 billion AED from 698 transactions. The prominence of luxury properties, strong sales performance in various categories, and the launch of new projects underscore the resilience and attractiveness of Dubai's real estate sector. Investors and homebuyers continue to show confidence in the market, driving forward momentum and innovation in the city's property landscape.