Dubai real estate sector recorded $4bn of transactions last week, including $10.5m apartment

The Dubai real estate market witnessed transactions worth AED14.54 billion ($4 billion) last week, as reported by the Land Department.Mortgage transactions led the activity, totaling AED11.82 billion ($3.2 billion), based on Land Department data.A total of 3,432 sales transactions were recorded from January 6 to January 10.

Dubai Real Estate Highlights

Some of the most notable sales transactions included:

  • An apartment in One Canal, Water Canal area, sold for AED38.5 million ($10.5 million).
  • An apartment in Casa Canal, Water Canal area, sold for AED28.7 million ($7.8 million).
  • An apartment in Il Primo, Burj Khalifa area, sold for AED27 million ($7.3 million).

Additionally, sales deals last week amounted to AED2.12 billion ($577.3 million), while gift transactions were valued at AED596 million ($162.3 million).

YOU MIGHT ALSO LIKE

VIEW ALL

Compare listings

Compare
jQuery(document).ready(function(){ if(typeof elementorFrontend !== 'undefined'){ elementorFrontend.init(); } }); jQuery(document).ready(function(){ if(typeof elementorFrontend !== 'undefined'){ elementorFrontend.init(); } });