Dubai real estate sector recorded $2.4bn of transactions last week amid Eid holidays

Layla Al Suwaidi
1 Min Read

Dubai’s real estate sector registered AED8.9bn ($ 2.4 billion) or transactions last week, according to the land department data.

Sales transactions dominated the figures, with AED6.14bn ($ 1.7 billion), according to the land department data.

In total there were 2,199 sales transactions registered between March 31 and April 4.

Dubai Real Estate this week

Among the most ex -sales transactions that are on the website of the land department were:

  • An apartment in Business Bay steering wheel was sold by AED37m ($ 10.1m)
  • An apartment in Bugatti residents in Business Bay was sold for AED24M ($ 6.5 million)
  • An office in BD BLVD Plaza T2 in the Burj Khalifa area sold by AED23m ($ 6.3m)

The land department also showed mortgage agreements worth AED2.4bn ($ 653.4 billion) last week.

Gift transactions in the same period were valued at AED363.8m ($ 99.4 million).