Dubai’s property transactions reached approximately AED 13.47 billion across 4,193 deals in the week ending Friday, 16 October. Of the total, AED 8.59 billion came from property sales, AED 3.72 billion from mortgage transactions and AED 1.16 billion from gifts.

According to data from the Dubai REST app, operated by the Dubai Land Department, 2,676 sales transactions were recorded during the week, comprising 2,182 residential units, 272 buildings and 222 land plots.

Sales of completed properties totalled approximately AED 5.38 billion across 962 transactions. These included 665 residential units, 75 buildings and 222 land plots.

Off-plan property sales, meanwhile, reached approximately AED 3.22 billion. A total of 1,714 transactions were recorded in this segment, including 1,517 residential units and 197 buildings.

Among Dubai’s various areas, Dubai Marina ranked first with more than AED 1.01 billion in sales. Palm Jebel Ali followed in second place with approximately AED 739 million, while Madinat Al Mataar ranked third with more than AED 382 million.

Business Bay also recorded approximately AED 302 million in sales, followed by Palm Deira with nearly AED 218 million and Wadi Al Safa 3 with more than AED 216 million.

One of the week’s largest deals involved a property linked to the Oceanz 1 project in Dubai Maritime City, which sold for AED 96 million. The transaction appeared in data republished from Dubai Land Department registry records, with one database classifying the property as residential land.

In another major deal, an off-plan six-bedroom villa at Fleur De Jardin Villas in Wadi Al Safa 3 was sold on Tuesday, 13 October, for AED 49.485 million. The villa had a registered area of approximately 9,270 square feet.

On Monday, 12 October, a completed residential property and its land at Golf Place 2 in Dubai Hills Estate were sold for AED 35 million. The property had a registered area of approximately 13,145 square feet.

Another notable transaction was the sale of a four-bedroom apartment at Sensoria at Five Luxe in Jumeirah Beach Residence for AED 21.75 million on Wednesday, 14 October. The apartment had a registered area of approximately 4,022 square feet.

The mortgage segment recorded 1,266 transactions worth AED 3.72 billion, comprising 622 residential units, 130 buildings and 514 land plots.

Gift transactions totalled approximately AED 1.16 billion across 251 deals. These involved 202 residential units, eight buildings and 41 land plots.

Compared with the previous week, the total value of Dubai property transactions rose by approximately 20 per cent. In the week ending 9 October, around AED 11.2 billion was recorded across 3,900 transactions, compared with AED 13.47 billion across 4,193 transactions this week.