Dubai sets new record for one-day property transactions

123RF

Dubai has set a new record for the highest volume of real estate transactions in a single day.

According to data from the portal Property Finder, 515 transactions worth over AED 888 million were registered on Sunday, November 24.

It’s the highest since 2008 when data became publicly available.

The most expensive home registered on November 24 was a 5-bedroom penthouse in JBR, worth AED 33 million.

 Off-plan units dominated sales transactions on that day, accounting for 387 out of the 515 deals.

More from Business News

  • DMCC records 7% growth in Indian companies

    The Dubai Multi Commodities Centre (DMCC) announced Indian companies now account for 16 per cent of the international business district’s total member base, a 7 per cent year-on-year increase.

  • Dubai named autism-certified destination

    Dubai has officially gained the recognition as a certified Autism destination, underscoring citywide efforts to make tourism more accessible and inclusive for all.

  • Dubai World Trade Centre generated AED 22.35 billion in 2024

    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Dubai Executive Council, has announced that the Dubai World Trade Centre (DWTC) generated an economic output exceeding AED 22.35 billion in 2024.

  • OpenAI unveils slimmed-down ChatGPT deep research tool

    OpenAI has announced the launch of a new version of its advanced tool 'Deep Research' integrated into ChatGPT, maintaining a high level of quality while introducing enhanced accessibility across user tiers.

Blogs