The Dubai real estate sector recorded transactions worth AED 13.83 billion ($3.8 billion) last week, according to data from the Land Department.
Sales transactions accounted for the majority of this activity, totaling AED 10.65 billion ($2.9 billion), as per Land Department figures.
Between January 20 and January 24, a total of 3,614 sales transactions were registered.
Dubai Real Estate Highlights This Week
Some of the highest-value sales transactions listed on the Land Department website included:
- An apartment in AVA at Palm Jumeirah by Omniyat sold for AED 56.9 million ($15.5 million)
- An apartment in Baccarat Residence T1 in the Burj Khalifa area sold for AED 31 million ($8.4 million)
- An apartment in Baccarat Residence T2 in the Burj Khalifa area sold for AED 25.3 million ($6.9 million)
Additionally, mortgage transactions reached AED 2.43 billion ($662 million) during the same period.
Gift transactions for the week amounted to AED 748 million ($203.5 million).
