Tuesday, 02 January 2024 12:17 GMT

Dubai Property Sets New Record, Achieves Highest Ever Single-Day Transaction Of Dh15.6 Billion


(MENAFN- Khaleej Times) The Dubai property market recorded the highest ever single-day sale of Dh15.6 billion on January 26, 2026, as easing prices attract more buyers within and outside the UAE.

Quoting Dubai Land Department data, Badar Rashid AlBlooshi, Chairman of Arabian Gulf Properties, said the emirate recorded over 1,501 real estate transactions on that date.

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The data revealed sales alone reached Dh11.4 billion, covering land, residential units, and buildings, in addition to mortgages and gifts of significant value. This reflects broad-based activity across multiple real estate segments and underscores the expansion and diversification of the investor base.

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As prices continue to ease slightly, more residents are transitioning to ownership, and foreign investors are trying to capitalise on good deals.

In December 2025, according to Property Monitor, property prices declined for the second month in a row, reaching Dh1,673 per sq ft, around 105 per cent above the market trough of October 2020 and 35.7 per cent above the market peak of September 2014.

As the market moves beyond its peak growth phase, real estate consultancy Cushman & Wakefield Core believes that 2026 will be characterised by greater selectivity and fundamentals-led performance.

“Recording real estate transactions worth Dh15.6 billion in one day represents an unprecedented milestone and reflects strong confidence from both local and international investors in Dubai's real estate market, as well as its ability to absorb large-scale investments within an attractive and globally competitive environment,” said AlBlooshi.

Elaborating further, he attributed the milestone to broader growth, corporate expansion and Dubai's strengthening role as a global business hub.

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Khaleej Times

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