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Dubai real estate sector recorded $5.45bn of transactions last week, including $22m apartment

The Dubai real estate sector saw $5.4bn of transactions and 5.076 sales and more than $1bn in mortgages last week

Dubai Jumeirah Residences Asora Bay by Meraas
Jumeirah Residences Asora Bay by Meraas

The Dubai real estate sector recorded AED19.89bn ($5.45bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED14.54bn ($4bn), according to Land Department data.

In total there were 5,076 sales transactions recorded between September 29 and October 3.

Dubai real estate last week

Among the most expensive sales transactions listed on the Land Department website were:

  • An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED100m ($27.2m)
  • An office in Burj Khalifa in Downtown sold for AED44m ($12m)
  • An apartment in The Bristol Emaar Beachfront in Marsa Dubai sold for AED34m ($9.3m)

The Land Department also showed mortgage deals worth AED3.85bn ($1bn) last week.

Gift transactions in the same period were valued at AED1.5bn ($408m).

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