Dubai’s real estate sector recorded transactions worth AED21.99 billion (approximately $6 billion) last week, according to data released by the Dubai Land Department.
Sales transactions accounted for the majority of this activity, totaling AED14.78 billion (around $4 billion). During the period from December 15 to 19, a total of 4,386 sales were registered.
Among the highest-value transactions reported on the Land Department’s website were a unit at W Residences on Palm Jumeirah, which sold for AED41 million ($11.1 million); an office space in Enara by Omniyat in Business Bay, sold for AED38.4 million ($10.4 million); and a residential property in Solaya 6 at La Mer, which changed hands for AED38.2 million ($10.4 million).
Mortgage deals during the same week were valued at AED4.68 billion (approximately $1.3 billion), while gift property transfers amounted to AED2.53 billion (around $689 million).
