DUBAI: Dubai’s real estate market recorded its highest-ever January performance, with total property transactions reaching Dh107.96 billion, nearly double last year’s figure. According to the Dubai Land Department, overall transactions rose 86.5 percent year-on-year, while sales alone hit a record Dh70.05 billion. A total of 16,858 sales deals were completed, reflecting a 20.38 percent increase compared to January last year. Mortgage activity remained strong, and several areas including Al Rowaiyah 1, Meydan 2, and Business Bay emerged as top-performing locations. Market experts attribute the surge to global investor confidence, strong infrastructure, and Dubai’s appeal as a long-term residential destination.
