Dubai Real Estate sector sees $4.3B transactions this week
The Dubai real estate sector recorded more than AED15.9bn ($4.3bn) of transactions this week, according to data from the Land Department.
It is an increase of almost $500m on the AED15.45bn recorded the week before.
Sales dominated the figures, with AED10.15bn ($2.76bn), according to Land Department data.
Dubai Real Estate this week
In total there were 4,239 sales transactions recorded in the past week.
Among the top listed sales transactions listed on the Land Department website were:
- An apartment in ORLA by Omniyat, Palm Jumeirah sold for AED49,422,470 ($13,5m)
- An apartment sold in Vela by Omniyat, Business Bay for ($12.1m)
- An apartment in BV Residences, Jumeira Bay sold for AED38.5m ($10.5m)
The Land Department also showed mortgage deals worth AED4.36bn ($1.2bn) between May 27 and May 31.
Gift transactions in the same period were valued at AED1.4bn ($381m).
Source: ArabianBusiness
June 03, 2024
