Dubai real estate sector recorded $3.6bn of transactions last week, including $19m Palm Jumeirah apartment

Dubai’s real estate sector continues to showcase its resilience and global appeal, with transactions worth $3.6 billion (AED 13.2 billion) recorded last week. A total of 3,601 sales deals were completed across the emirate, underscoring the steady momentum in both residential and luxury property markets. Among the standout transactions was the sale of a luxury Palm Jumeirah apartment for $19 million (AED 69.8 million), highlighting ongoing demand for prime waterfront residences. The Palm continues to attract high-net-worth investors seeking exclusive lifestyle offerings and long-term value in one of Dubai’s most iconic destinations. Industry experts note that Dubai’s property market has been bolstered by strong investor confidence, a growing population, and the city’s reputation as a safe haven for capital. The surge in weekly transactions reflects a healthy balance between affordable units and luxury real estate, catering to a wide spectrum of buyers. With demand remaining robust and mega-projects continuing to shape the skyline, Dubai’s property sector is expected to sustain its upward trajectory, cementing its position as a leading global real estate hub.