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

The Dubai real estate sector saw $2.4bn of transactions and 2,199 sales last week

Dubai real estate business bay
Dubai’s office market reflects the city’s appeal to global enterprises, underpinned by its strategic location, world-class infrastructure, and business-friendly policies. Image: Savills

The Dubai real estate sector recorded AED8.9bn ($2.4bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED6.14bn ($1.7bn), according to Land Department data.

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

Dubai real estate this week

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

  • An apartment in Volante in Business Bay sold for AED37m ($10.1m)
  • An apartment in Bugatti Residences in Business Bay sold for AED24m ($6.5m)
  • An office in BD BLVD Plaza T2 in the Burj Khalifa area sold for AED23m ($6.3m)

The Land Department also showed mortgage deals worth AED2.4bn ($653.4bn) last week.

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

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