Dubai real estate sector recorded $4.15bn of transactions last week, including pair of luxury $16.8m Palm Jumeirah apartments

Layla Al Suwaidi
1 Min Read

The Dubai real estate sector registered AED15.238B ($ 4.15 billion) or transactions last week, according to the land department data.

Sales transactions dominated the figures, with AED10.3bn ($ 2.8 billion), according to the land department data.

In total there were 3,531 sales transactions registered between March 24 and March 28.

Dubai Real Estate this week

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

  • An apartment in Alba’s residences in Palm Jumeirah was sold by AED61.8m ($ 16.8m)
  • An apartment in Alba’s residences in Palm Jumeirah was sold by AED61.6m ($ 16.8m)
  • An apartment in discount of how Palm Jumeirah was sold by AED52.2m ($ 14.2m)

The land department also showed mortgage agreements worth AED4.13bn ($ 1.1bn) last week.

Gift transactions in the same period were valued at AED807.8m ($ 220 million).