August 26, 2024

Dubai real estate sector recorded $4bn of transactions last week, including $12m Business Bay apartment

The Dubai real estate sector recorded over AED14.65bn ($4bn) in transactions last week, according to Land Department data. Sales accounted for AED10.93bn ($3bn) of the total, with 3,530 sales transactions recorded between August 19 and August 23. Among the top sales transactions listed by the Land Department were: An apartment in Vela by Omniyat sold for AED42.9m ($11.7m) An apartment in Six...

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