Real estate sales in Dubai have soared to approximately AED 55 bn since the beginning of the year until mid-February, with over 17,600 transactions recorded, comprising 14,600 residential units, 1,196 buildings, and 1,842 plots of land, Invest-Gate reports.

W Capital Real Estate, headquartered in Dubai, has identified the ten largest real estate transactions in the Dubai market since the start of the current year, amounting to a total value of nearly AED 5 bn, based on data from the Dubai Land Department.

Moreover, the largest real estate transaction since the beginning of the year in terms of value and area was the sale of residential land in the Dubai Investment Park II area, valued at AED 3.58 bn.

In second place was the sale of a residential land plot in the Jumeirah Lakes Towers area for AED 268.3 mn.

Ranking third was the sale of residential land in the Mamzar area for AED 182 mn.

Notably, these transactions demonstrate the robustness of Dubai’s real estate market and its attractiveness to investors seeking lucrative opportunities.