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Dubai real estate sector recorded $4.1bn of transactions last week, including $16m Business Bay apartment

The Dubai real estate sector saw $4.1bn of transactions and 3,726 sales last week

Dubai real estate

The Dubai real estate sector recorded AED14.88bn ($4.1bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED11.38bn ($3.1bn), according to Land Department data.

In total there were 3,726 sales transactions recorded between March 10 and March 14.

Dubai real estate this week

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

  • An office in Enara by Omniyat in Business Bay sold for AED87.6m ($23.8m)
  • An apartment in Luxury Family Residence III in Business Bay sold for AED60.23m ($16.4m)
  • An apartment in BV Residences 4 in Palm Jumeirah area sold for AED57m ($15.5m)

The Land Department also showed mortgage deals worth AED3.15bn ($858m) last week.

Gift transactions in the same period were valued at AED350m ($95.3m).

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