Two Burj Khalifa-Area Villas Drive Dh1.2b in Early-Friday Property Deals

Dubai’s property market opened Friday with two headline villa transactions in the Burj Khalifa area that together totalled Dh1.2 billion, one of which was a Dh725 million sale. Data from the Dubai REST app indicates the sold villa occupied about 379,000 square feet, which works out to an average of Dh1,914 per square foot. A second villa in the same neighbourhood was mortgaged for Dh471.3 million; that property also covered about 379,000 square feet, making the mortgage equivalent roughly Dh1,244 per square foot. Combined, these two deals ranked among the largest recorded at the start of Friday’s trading. Broader early trading figures showed Dubai property sales reached Dh1.3 billion across 185 transactions, while mortgage activity totalled Dh684 million from 44 transactions. Gift transactions were valued at Dh17 million across 13 deals. These movements add to a steady flow of high-value property activity in Dubai, where luxury homes and expansive residential plots continue to represent some of the market’s most significant individual transactions. The pair of high-priced villa deals underlines ongoing investor appetite for prime locations and large-format residential assets in the emirate.