Dubai Real Estate Market has seen a total transaction of 2,466 and a total value of 6.26B AED in the first week of May. The primary market saw a total of 1,071 transactions, with a total value of 2.49B AED. Meanwhile, the secondary market recorded a total of 1,395 transactions, with 505 of these being mortgage transactions, and a total value of 3.77B AED.
The most expensive property sold during the week was a 7-bedroom villa located in District One
, which fetched a staggering 90M AED. This sale demonstrates the continuing demand for luxury properties in Dubai, particularly in the high-end market.
In terms of the top performing areas for residential apartments, Palm Jumeirah claimed the top spot, followed by Downtown Dubai
and Bluwaters Bay
. These areas continue to attract buyers due to their prime locations and luxurious amenities.
On the other hand, The Field at D11 was the top-performing area for residential villas, followed by Emirates Living and Villanova. These areas have remained popular with buyers due to their spacious layouts, family-friendly environments, and high-quality amenities.
Several new projects has been introduced including Armani Beach Residence, Palm Jumeirah. Which took the spotlight of the last week.
Overall, the Dubai real estate market continues to show positive signs of growth and stability. Despite fluctuations in the market, demand for high-end properties remains strong, and developers continue to invest in new projects that meet the needs of buyers. With the ongoing development of infrastructure and amenities, it is expected that the market will continue to thrive in the coming weeks.