Dubai Real Estate Surges with $4.8 Billion in Transactions: Shaikhani Group Leads with Prestigious Developments

 

The Dubai real estate sector experienced a significant boost last week, recording transactions worth over AED17.5 billion ($4.8 billion), according to data from the Land Department. This marks an increase of approximately $500 million from the AED15.9 billion ($4.3 billion) recorded the previous week.

Sales were the primary drivers of this increase, amounting to AED13.34 billion ($3.6 billion). Between June 3 and June 7, there were 4,182 sales transactions recorded. Among the notable transactions were:

• An apartment in Serenia Living – Tower 3, Palm Jumeirah sold for AED110 million ($30 million)
• An apartment in FIVE LUXE, Marsa DXB sold for AED54 million ($14.7 million)
• An apartment in Six Senses Residences The Palm, Palm Jumeirah sold for AED49 million ($13.4 million)

In addition to sales, the Land Department reported mortgage deals worth AED2.95 billion ($803 million) and gift transactions valued at AED1.24 billion ($338 million) during the same period.

In this dynamic real estate market, the Shaikhani Group, founded by the visionary Abubakar Shaikhani, has played a pivotal role in shaping Dubai’s skyline. Following Abubakar Shaikhani’s passing, his sons have taken on leadership roles, ensuring the continued growth and success of the company.

Headquartered in Dubai, the Shaikhani Group manages a diverse portfolio of projects that contribute to the city’s status as a global investment hub. The Dubai office oversees prestigious developments such as Champions Tower 3, Gardenia Residency, and the Cambridge Business Centre, which exemplify the group’s commitment to delivering high-quality and innovative real estate solutions in line with Dubai’s dynamic market demands.

The Karachi office of the Shaikhani Group is also actively engaged in overseeing projects like The Motorcity and Rabia Enclave, reflecting the group's regional presence and commitment to excellence beyond Dubai's borders.

As the Shaikhani Group continues to meet and exceed expectations with its ongoing projects, they have an exciting pipeline of new developments set to be unveiled upon the completion of current ventures.