Dubai Luxury Real Estate Sector Records $4.8 Billion in Weekly Transactions, Highlighted by the top deal of $8M Palm Jumeirah Project.

Dubai’s luxury real estate sector continues to deliver brilliant momentum and recording AED 17.6 billion ($4.8 billion) in real estate property transactions last week alone. The total number includes 4,109 real estate sales across residential, commercial, and land assets, according to official figures from the Dubai Land Department (DLD)

Dubai Luxury Real Estate Sector Records $4.8 Billion in Weekly Transactions, Highlighted by the top deal of $8M Palm Jumeirah Project.

One standout deal of making headlines: a luxury apartment on Palm Jumeirah, Dubai, sold for a staggering AED 29.4 million (approximately $8 million), reaffirming investor appetite for prime waterfront living in one of the city’s most iconic locations.

What’s Driving the demand?

Several factors continue to fuel Dubai’s luxury property boom, most among them the influx of foreign investors, steady population growth, and strong demand for high-end luxury and off-plan developments in Dubai. With limited supply in some premium locations, prices have remained resilient, especially in prime zones like Downtown Dubai, Dubai Marina, Business Bay, and, of course, Palm Jumeirah, Dubai.

In this week we also saw strong activity in the villa and townhouse deals, along with increased interest in luxury-branded residences and hotel apartments, driven by Dubai’s growing appeal as a global destination for both lifestyle and investment.

A Word from Gazelle

At Gazelle, we track the pulse of real estate in the UAE and GCC—not just the big numbers, but the trends shaping them. As Dubai’s property market continues to break records and attract global capital, investors and developers alike should pay close attention. The opportunity lies not just in what’s happening now, but in what’s coming next.