The Dubai real estate sector recorded more than AED12.9bn ($3.5bn) of transactions last week, according to data from the Land Department.

Sales dominated the figures, with AED10.43bn ($2.8bn), according to Land Department data.

In total there were 2,928 sales transactions recorded between July 8 and July 12.

Dubai real estate this week

Among the top listed sales transactions listed on the Land Department website were:

  • An apartment in One Canal, sold for AED33m ($9m)
  • A second apartment in One Canal, sold for AED28m ($7.66m)
  • An apartment in Baccarat Residences, near the Burj Khalifa sold for AED27.6m ($7.5m)

The Land Department also showed mortgage deals worth AED1.86bn ($506.4) last week.

Gift transactions in the same period were valued at AED592m ($161.2m).

Source: https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-sector-recorded-3-5bn-of-transactions-last-week