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Home » Blog » Dubai real estate sector recorded $5bn of transactions last week, including $38m apartment
UAE

Dubai real estate sector recorded $5bn of transactions last week, including $38m apartment

Aisha Al Habibi
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Dubai Real Estate this weekAuthor: Aisha Al Habibi

The real estate sector of Dubai registered AED18.5bn ($ 5 billion) or transactions last week, according to the land department data.

Sales transactions dominated the figures, with AED14.57bn ($ 4 billion), according to the land department data.

In total there were 4,171 sales transactions registered between April 7 and April 11.

Dubai Real Estate this week

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

  • An apartment in private residences in the Dubai water channel area was sold by AED140m ($ 38.1m)
  • An apartment in as residents in Palm Jumeirah was sold by AED70.1m ($ 19.1m)
  • An office in 118 in the Burj Khalifa area sold by AED65m ($ 17.7m)

The land department also showed mortgage agreements worth AED3.12 billion ($ 849.4 million) last week.

Gift transactions in the same period were valued in AED821.7m ($ 223.7m).

Aisha Al Habibi
Author: Aisha Al Habibi

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