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Dubai real estate sector recorded $3.8bn of transactions last week, including $12.7m Burj Khalifa office

The Dubai real estate sector saw $3.8bn of transactions last week

Dubai's Real Estate Boom

The Dubai real estate sector recorded AED13.65m ($3.7bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED9.98bn ($2.7bn), according to Land Department data.

In total there were 3,344 sales transactions recorded between January 27 and January 31.

Dubai real estate this week

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

  • An office in the Burj Khalifa sold for AED46.5m ($12.7m)
  • An apartment in Six Senses Residences The Palm in Palm Jumeirah sold for AED40m ($10.9m)
  • An apartment in Il Primo in the Burj Khalifa area sold for AED28.5m ($7.8m)

The Land Department also showed mortgage deals worth AED2.61bn ($710.6m) last week.

Gift transactions in the same period were valued at AED1.06bn ($288.6m).

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