December 30, 2023

Dubai real estate records $4bn of transactions in final week of the year, including $97m Business Bay property

The Dubai real estate market closed the year 2023 with robust activity, recording transactions worth AED14 billion ($4 billion) in the last week, as reported by the Dubai Land Department. The week ending December 29 witnessed a total of 3,063 transactions, with 216 plots changing hands for AED4.38 billion ($1.2 billion) and 2,126 apartments and villas sold for AED5.38 billion ($1.5 billion). This...

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