Dubai real estate sector recorded $4.9bn of transactions last week, including $9m canal-side apartment

Dubai Real Estate Sector Records $4.9bn in Transactions Last Week

Dubai’s real estate market registered AED17.95bn ($4.9bn) in transactions last week, according to data from the Land Department.

Sales transactions accounted for the majority, totaling AED12.6bn ($3.4bn), as per Land Department records.

Between February 17 and February 21, a total of 3,450 sales transactions were recorded.

Dubai Real Estate Highlights This Week

Some of the highest-value transactions listed on the Land Department website included:

  • An apartment in Muraba Veil, Water Canal area, sold for AED33m ($9m).
  • Another apartment in Muraba Veil, Water Canal area, sold for AED30.4m ($8.3m).
  • An apartment in One at Palm Jumeirah, Palm Jumeirah, sold for AED29m ($7.9m).

Additionally, mortgage transactions last week totaled AED3.47bn ($945m), while gift transactions during the same period amounted to AED1.88bn ($512m).

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