The Dubai real estate sector recorded transactions worth $4.4 billion last week

Dubai’s real estate market recorded transactions worth AED 16.19 billion ($4.4 billion) last week, as per data released by the Land Department.

Sales made up the majority of this amount, reaching AED 12.92 billion ($3.5 billion), based on the department’s figures.

From June 2 to June 6, a total of 3,276 property sales were registered.

Notable Transactions in Dubai Real Estate Last Week:

According to the Land Department’s website, among the highest-value transactions were:

  • An apartment sold for AED 38 million ($10.3 million) in the Address Grand Downtown, located in the Burj Khalifa area.

  • A unit in Central Park Plaza Tower B in Al Wasl went for AED 31.75 million ($8.6 million).

  • An apartment in Peninsula Dubai Residences, Jumeirah, was purchased for AED 30 million ($8.2 million).

Additionally, mortgage agreements during the week amounted to AED 2.6 billion ($708 million).

Gifted property transactions totaled AED 670 million ($182 million) over the same period.

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