Words by Aneesha Rai

The month of November saw above AED 1.7 billion in residential transactions for over 1,143 properties sold, according to REIDIN. In terms of properties that sold in the luxury segment (above AED 5 million), there were AED 356.16 million transactions that took place, with over 43 transactions sold. In comparison to transactions in October which had a total value of AED 226.2 million in transactions, November saw an increase of 57%; the predictions are that in December, the value of transactions may even supersede these numbers with positive market expectations.

The top 3 most expensive transactions this month recorded were two villas on the Palm Jumeirah for AED 30 million and AED 28.5 million respectively, followed by a Victory Heights villa for AED 10.8 million. The most expensive apartment sold was a 2,203 square feet apartment in the Burj Khalifa for AED 8.7 million. Nine apartments were sold, at the total transaction amount of AED 55.7 million for apartments sold above AED 5 million. In terms of the 34 villas transacted above AED 5 million, the total value was AED 300 million. The details of the transactions are as follows:

1) Palm Jumeirah villa, BUA 7,200 sq ft, AED 30 million

2) Palm Jumeirah villa, BUA 7,693 sq ft, AED 28.5 million

3) Victory Heights villa, Dubai Sports City, BUA 6,730 sq ft, AED 10.8 million

4) Burj Khalifa apartment, Downtown Dubai, BUA 2,203 sq ft, AED 8.7 million

5) Arabian Ranches villa, BUA 6,208 sq ft, AED 8.6 million

6) Jumeirah Islands villa, BUA 5,425 sq ft, AED 8.5 million

7) Palm Jumeirah villa, BUA 4,170 sq ft, AED 8.3 million

8) The Lakes villa, Emirates Living, BUA 4,976 sq ft, AED 8.1 million

9) Palm Jumeirah villa, BUA 2,880 sq ft, AED 7.6 million

10) Palm Jumeirah villa, BUA 2,881 sq ft, AED 7.6 million

11) Palm Jumeirah villa, BUA 3,754 sq ft, AED 7.5 million

12) Palm Jumeirah villa, BUA 2,828 sq ft, AED 7.4 million

13) Palm Jumeirah villa, BUA 2,826 sq ft, AED 7.4 million

14) The Residences apartment, Downtown Dubai, BUA 2,082 sq ft, AED 7.2 million

15) The Springs/ Meadows villa, Emirates Living, BUA 4,885 sq ft, AED 6.7 million

16) Arabian Ranches villa, BUA 4,221 sq ft, AED 6.3 million

17) Burj Khalifa apartment, Downtown Dubai, BUA 2,333 sq ft, AED 6.2 million

18) Jumeirah Park villa, BUA 4,221 sq ft, AED 6.2 million

19) The Springs/ Meadows villa, Emirates Living, BUA 4,822 sq ft, AED 6.1 million

20) The Lakes villa, Emirates Living, BUA 4,822 sq ft, AED 6.1 million

Article published on 27 Dec 2015

Article tagged with Dubai, Palm Jumeirah, Transactions