Dubai’s real estate sector experiences a remarkable week with sales exceeding AED 14.7 billion.
According to data from the Land Department, the Dubai real estate sector recorded transactions totaling more than AED 19.71 billion ($5.36 billion) last week.
This represents an increase of approximately $550 million compared to the AED 17.5 billion ($4.8 billion) recorded the previous week. Sales were the largest contributor to these figures, amounting to AED 14.71 billion ($4 billion).
Dubai real estate this week
Between June 10 and June 14, a total of 4,590 sales transactions were recorded.
The top sales transactions listed on the Land Department website included:
– An apartment in Bulgari Lighthouse, Island 2, which sold for AED 148 million ($40 million).
– An apartment in Six Senses Residences The Palm, Palm Jumeirah, sold for AED 122 million ($33.2 million).
– An apartment in Casa Canal, Dubai Water Canal, which sold for AED 56 million ($15.3 million).
The Land Department also reported mortgage deals amounting to AED 3.37 billion ($918 million) last week.
Additionally, gift transactions during the same period were valued at AED 1.63 billion ($444 million).
