The Dubai real estate sector experiences a significant week, recording sales exceeding AED13 billion.
The Dubai real estate sector recorded transactions exceeding AED 17.5 billion ($4.8 billion) last week, based on data from the Land Department.
This marks an increase of approximately $500 million compared to the AED 15.9 billion ($4.3 billion) recorded the previous week.
Sales were the most significant part of these figures, amounting to AED 13.34 billion ($3.6 billion), according to the Land Department data.
Dubai real estate this week
A total of 4,182 sales transactions were recorded between June 3 and June 7.
Among the top sales transactions listed on the Land Department website were:
– An apartment in Serenia Living – Tower 3, Palm Jumeirah sold for AED110 million ($30 million)
– An apartment in FIVE LUXE, Marsa DXB sold for AED54 million ($14.7 million)
– An apartment in Six Senses Residences The Palm, Palm Jumeirah sold for AED49 million ($13.4 million)
The real estate and property transactions totaled AED17.5 billion last week, according to the Dubai Media Office (twitter).
The Land Department also reported mortgage deals amounting to AED2.95 billion ($803 million) during the same period.
Transactions in the same period were valued at AED 1.24 billion ($338 million).
