Dubai’s real estate market recorded transactions worth AED 21.67bn (USD 5.9bn) last week, according to figures released by the Dubai Land Department.
Sales accounted for the largest share of activity, reaching AED 13.17bn (USD 3.6bn), the data showed.
A total of 3,704 sales transactions were registered between January 5 and January 12.
Several high-value deals featured among the transactions listed on the Land Department’s platform, highlighting continued demand for prime properties.
A luxury apartment at Atlantis Resort and Residences on Palm Jumeirah was sold for AED 65m (USD 17.7m).
Another apartment at AVA on Palm Jumeirah changed hands for AED 54m (USD 14.7m).
A unit at Mercedes-Benz Places by Binghatti, located near the Burj Khalifa, was transacted for AED 50m (USD 13.6m).
Mortgage transactions during the same period totalled AED 7.09bn (USD 1.9bn), reflecting sustained financing activity in the market.
Gift transactions were also recorded, with a combined value of AED 1.41bn (USD 384m) over the week.
