The Dubai real estate sector recorded transactions exceeding AED15.9 billion ($4.3 billion) last week, as reported by the Land Department. Sales dominated the market, totaling AED11.71 billion ($3.2 billion), with 2,115 sales transactions recorded between June 24 and June 28.
Notable Sales Transactions:
- An apartment in Baccarat Residences, near the Burj Khalifa, sold for AED43.5 million ($11.8 million).
- Another apartment in Baccarat Residences, near the Burj Khalifa, also sold for AED43.5 million ($11.8 million).
- An apartment in Vela by Omniyat, Business Bay, sold for AED36.4 million ($9.9 million).
In addition to sales, the Land Department reported mortgage deals worth AED3.32 billion ($904 million) during the same period. Gift transactions were valued at AED862 million ($234 million), contributing to the vibrant activity in the sector.
