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Dubai real estate sector recorded $4.7bn of transactions last week, including $19m office

The Dubai real estate sector saw $4.7bn of transactions and 3,837 sales last week

Dubai real estate business bay office
The Dubai real estate sector saw $4.7bn of transactions and 3,837 sales last week

The Dubai real estate sector recorded AED17.16bn ($4.7bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED12.24bn ($3.3bn), according to Land Department data.

In total there were 3,837 sales transactions recorded between March 3 and March 8.

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 AED68.8m ($18.7m)
  • An office in Enara by Omniyat in Business Bay sold for AED60.8m ($16.6m)
  • A hotel apartment in Address Residences in Burj Khalifa area sold for AED45.5m ($12.4m)

The Land Department also showed mortgage deals worth AED4.39bn ($1.2bn) last week.

Gift transactions in the same period were valued at AED534m ($145m).

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