Dubai real estate sector recorded $5.2bn of transactions last week, including $23m office

Dubai Real Estate Market Records $5.2bn in Transactions Last Week

Dubai’s real estate sector registered AED19bn ($5.2bn) in transactions last week, as per data from the Land Department.

Sales transactions accounted for AED13.53bn ($3.7bn), with a total of 4,477 sales recorded between February 24 and February 28.

Notable Transactions

Some of the highest-value sales listed on the Land Department’s website included:

  • An office in Enara by Omniyat, Business Bay, sold for AED84m ($23m).
  • An apartment in The Rings, Jumeirah, sold for AED55.2m ($15m).
  • Another apartment in The Rings, Jumeirah, sold for AED54.4m ($14.8m).

Additionally, mortgage transactions totaled AED4.69bn ($1.3bn), while gift transfers during the same period amounted to AED799m ($218m).

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