The Dubai real estate market recorded transactions totaling AED12.13 billion ($3.3 billion) last week, according to Land Department data.
Mortgages made up the bulk of this figure, amounting to AED9.06 billion ($2.5 billion), as per the Land Department.
A total of 3,126 sales transactions were registered between January 13 and January 17.
Highlights of Dubai real estate this week:
Some of the most expensive sales transactions listed on the Land Department’s website included:
- An apartment in Ocean House, Palm Jumeirah, sold for AED50 million ($13.6 million).
- A hotel apartment in One Za’abeel Tower, Zaabeel First, sold for AED45 million ($12.3 million).
- An apartment in BV Residences 6, Jumeira Bay, sold for AED35 million ($9.8 million).
Sales transactions last week were valued at AED2.6 billion ($708 million), according to the Land Department.
Additionally, gift transactions during the same period were worth AED472 million ($128.5 million).
