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Dubai property sales spike in volumes as May comes to an end

Published

4 years ago

May 28, 2022

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The value of property transactions in Dubai jumped by 20 percent this week compared to the previous seven days as investors continued to cash in on the UAE’s sought-after market.

What is interesting is the different kind of locations which propped up this week compared to the usual hotspots of Palm Jumeirah and adjoining areas.

During the week ending May 27, around 8.7 billion dirhams ($2.36 billion) in deals were recorded, up from 7.2 billion dirhams a week ago, data from the Dubai Land Department showed. Thursday alone (May 26) saw a 2.1bn sales volume itself.

Details of couple of big-ticket value villa sales emerged with Dubai Hills registering its costliest villa sale for this year. The seven-bedroom mansion found a buyer for Dh128 million and spans a built-up area of 34,113 square feet. Located in what is called the ‘Street of Dreams’, the Dubai Hills Grove has only 26 homes and all valued at Dh100 million and over.

District One, one node of the expansive MBR City which is languishing a bit, also got its highest value transaction when a Russian buyer picked a villa worth $89.1m.

The MBR City with Meydan One mall has been proposed as a massive development project. A villa there has now been sold for Dh89.1m

This week’s deals include 297 plots that were snapped up for 1.59 billion dirhams, as well as 2,116 apartments and villas with a combined value of 4.75 billion dirhams.

The total value of mortgaged properties for the week stood at 2.02 billion dirhams, with the highest being a land in Al Hebiah Third that was mortgaged for 211 million dirhams.

Dubai’s property prices have been rising over the past several months on the back of growing demand. Sales prices for villas surged an average of 40 percent in the first quarter of the year, according to Asteco.

Staff Reporter

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Dubai-India travel: Security procedures triggered for Emirates flight following bomb threat email, flight lands safely

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1 day ago

December 5, 2025

Michael Gomes

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Authorities at Hyderabad’s Rajiv Gandhi International Airport activated full emergency protocols on Friday after receiving a bomb threat email linked to Emirates flight EK526 travelling from Dubai (DXB) to Hyderabad (HYD).

According to GMR officials, the threat email landed in the airport’s customer support inbox around 7.30am on December 5. Despite the alert, the flight continued under strict monitoring and landed safely at 8.30am.

Once on the ground, the aircraft was immediately moved to an isolated bay. Passengers were safely deboarded, and security te

ams carried out standard bomb threat checks. Investigations are currently underway.

Emirates confirmed the incident in a statement to local media, saying authorities had alerted them to a “potential security threat” to EK526.
“All standard security procedures were implemented by the relevant local authorities with full co-operation from Emirates’ ground teams,” the airline said, adding that “the safety and well-being of passengers and crew remain the highest priority.”

Authorities say all threats are being investigated, and extra security measures remain in place at the airport.

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Driving through Abu Dhabi this week? Here are the road closures you need to know about

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1 day ago

December 5, 2025

Michael Gomes

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Abu Dhabi motorists can expect some delays over the next few days, with the Department of Municipalities and Transport (DMT) announcing a series of partial road closures across key routes in the capital. Drivers are being urged to plan, allow extra travel time, and follow diversions to avoid congestion.

Sheikh Zayed Bin Sultan Street

A major set of phased lane closures will take place near Sheikh Zayed Bridge from Tuesday, December 9 to Monday, December 22, 2025.

Three left lanes will be closed from 12am on December 9 until 10pm on December 15.
Two right lanes will then shut from 10pm on December 15 until 6am on December 22.

Sheikha Fatima Bint Mubarak Street

Another temporary closure is scheduled on Sheikha Fatima Bint Mubarak Street from 5pm on December 5 until 5am on December 8.

Authorities explained that these restrictions are part of ongoing road enhancement projects designed to improve traffic flow and safety across the city. Motorists are encouraged to use alternative routes wherever possible during the maintenance period.

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Sharjah Police give deadline to remove National Day stickers, or face fines

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1 day ago

December 5, 2025

Michael Gomes

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If your car is still sporting National Day decals, it’s time to take them off. Sharjah Police have announced that all vehicle owners must remove their UAE National Day celebration stickers by Saturday, December 6, and those who miss the deadline will face violations.

The reminder follows a crackdown during the 54th Eid Al Etihad celebrations, where authorities impounded 106 vehicles and nine motorbikes for dangerous and irresponsible behaviour on the roads.

According to Sharjah Police, the violations included:

Creating loud noise and disturbing residents
Driving recklessly and endangering others
Operating vehicles without a valid licence

Police officials urged motorists to celebrate responsibly and avoid turning festivities into safety risks.

However, there has been a shift in decorating trends this year. Many residents opted for cleaner, simpler, more elegant designs to showcase their UAE pride ahead of the long weekend, and demand for custom decals surged.

Authorities are now urging residents to ensure all celebratory stickers and decorations are removed by the set deadline to keep roads safe and avoid penalties.