Dubai records Dh1.2 billion in villa deals in Burj Khalifa area
Dubai: Dubai’s property market opened Friday with two large villa transactions in the Burj Khalifa area worth a combined Dh1.2 billion, including a sale valued at Dh725 million. According to data from the Dubai REST app, the sale involved a villa covering about 379,000 square feet, putting the transaction at an average of Dh1,914 per square foot. Get updated faster and for FREE: Download the Gulf…
Dubai's property market kicked off Friday with two significant villa transactions in the Burj Khalifa area, amounting to a combined Dh1.2 billion. The first deal, valued at Dh725 million, involved a villa spanning approximately 379,000 square feet, with an average price of Dh1,914 per square foot. The second villa, also located in the same area, was mortgaged for Dh471.3 million, equating to roughly Dh1,244 per square foot.
Together, these two high-value transactions marked among the largest recorded at the market's opening. Across 185 transactions, Dubai property sales reached Dh1.3 billion, while mortgage deals totaled Dh684 million from 44 transactions. Gift transactions valued at Dh17 million were recorded in 13 deals. These deals further contribute to the consistent flow of substantial property activity in Dubai, where luxury homes and substantial residential plots continue to dominate the market's most significant individual deals.
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