Dubai real estate sector recorded $4.5bn of transactions last week

The Dubai real estate sector recorded transactions worth AED16.55bn ($4.5bn) last week, as per Land Department data.

Sales accounted for AED9.29bn ($2.5bn) of the total, with 3,161 sales transactions recorded between November 18 and November 22.

High-value sales included:

  • An apartment in the Dorchester Collection sold for AED91.35m ($24.9m).
  • Two offices in Enara by Omniyat sold for AED83.8m ($22.8m) and AED83.2m ($22.6m), respectively.

Mortgage deals during the same period totaled AED3.88bn ($1.1bn), while gift transactions were valued at AED3.38bn ($920m).

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