The Dubai Real Estate market on Tuesday, October 21st, recorded a strong Total Transaction Value of AED 3,207.02 million across 862 total transactions.
Riverton House Meydan Lagoon Apartments, Dubai, source: Building Arabia
Key Highlights:
- Sales Activity: There were 591 sales transactions, totaling AED 1,432.06 million. This represents a lower portion of the overall value compared to the previous weekend, indicating a significant contribution from non-sale activities.
- Grants Highlight: A substantial portion of the day's overall value came from Grants (Gifts), which totalled AED 1,014.02 million across 41 transactions. As you highlighted, these do not count as sales but contributed heavily to the day's gross transaction value.
- Ready vs. Off-Plan: The market was nearly split between ready and off-plan sales value, with Ready properties slightly ahead at AED 737.27 million (240 transactions) compared to Off-Plan at AED 694.78 million (351 transactions).
- Top Area by Value: Dubai Investment Park Second led the value charts with AED 125.30 million in sales, while Jumeirah Village Circle maintained its lead in transaction volume with 112 deals.
Detailed Transaction Breakdown
1. Activity by Transaction Type
The high volume and value of Grants significantly boosted the overall transaction value for the day.
| Transaction Type | Count | Total Value (AED) |
|---|---|---|
| Sales | 591 | AED 1,432.06M |
| Mortgage | 230 | AED 760.94M |
| Gifts | 41 | AED 1,014.02M |
2. Sales Value by Property Status
| Status | Count | Total Sales Value (AED) |
|---|---|---|
| Ready | 240 | AED 737.27M |
| Off-Plan | 351 | AED 694.78M |
3. Sales Value by Property Type
'Unit' transactions led both in count and total value for sales.
| Property Type | Count | Total Sales Value (AED) |
|---|---|---|
| Unit | 468 | AED 817.47M |
| Land | 58 | AED 367.76M |
| Building | 65 | AED 246.82M |
4. Top 5 Areas by Total Sales Value
| Area | Total Sales Value (AED) |
|---|---|
| Dubai Investment Park Second | AED 125.30M |
| Al Yufrah 1 | AED 89.76M |
| PALM JUMEIRAH | AED 84.94M |
| BUSINESS BAY | AED 78.28M |
| BURJ KHALIFA | AED 73.22M |
5. Top 5 Areas by Transaction Count (Total Transactions)
These areas recorded the highest volume of transactions across all types (Sales, Mortgage, Gifts).
| Area | Count |
|---|---|
| JUMEIRAH VILLAGE CIRCLE | 112 |
| Dubai Investment Park Second | 52 |
| Al Thanyah Fifth | 51 |
| DUBAI LAND RESIDENCE COMPLEX | 43 |
| BUSINESS BAY | 38 |
Disclaimer
This report is based on publicly available data and Dubai Land Department (DLD) transaction summaries as of the date mentioned in the title of this post.
Final and detailed figures from the DLD may vary upon official release.
Note that transaction values are often for the total amount of the sale, not just the down payment, but off-plan sales involve future payments.
1 US Dollar = 3.672 UAE Dirhams
This report is merely informative, and all investments come with risk. You are responsible for your decisions.