The Dubai real estate sector recorded transactions worth AED 19B ($5.2B) last week, as per data from the Land Department.
Sales transactions accounted for the majority, totalling AED 13.53B ($3.7B), according to the Land Department’s records.
A total of 4,477 sales transactions were registered between 24 February and 28 February.
Dubai Real Estate Highlights This Week
Among the most high-value sales recorded by the Land Department were:
•An office in Enara by Omniyat, Business Bay, sold for AED 84M ($23M).
•An apartment in The Rings, Jumeirah, sold for AED 55.2M ($15M).
•Another apartment in The Rings, Jumeirah, sold for AED 54.4M ($14.8M).
Additionally, mortgage transactions amounted to AED 4.69B ($1.3B) last week, according to the Land Department.
During the same period, gift transactions were valued at AED 799M ($218M).
