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Dubai real estate sector recorded $4.5bn of transactions last week, including Business Bay apartment sold for $25m

The Dubai real estate sector saw $4.5bn of transactions last week

Dubai's thriving off-plan real estate market
Business Bay

The Dubai real estate sector recorded AED16.55bn ($4.5bn) of transactions last week, according to data from the Land Department.

Sales dominated the figures, with AED9.29bn ($2.5bn), according to Land Department data.

In total there were 3,161 sales transactions recorded between November 18 and November 22.

Dubai real estate this week

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

  • An apartment in the Dorchester Collection sold for AED91.35m ($24.9m) 
  • An office in Enara by Omniyat sold for AED83.8m ($22.8m)
  • An office in Enara by Omniyat sold for AED83.2m ($22.6m)

The Land Department also showed mortgage deals worth AED3.88bn ($1.1bn) last week.

Gift transactions in the same period were valued at AED3.38bn ($920m).

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