Written by Will Milner

More of this topic

Posted inReal Estate

Dubai real estate sector recorded $6bn of transactions last week, including $11m Palm Jumeirah apartment

The Dubai real estate sector saw $6bn of transactions and 4,386 sales last week, including an apartment sold for $11m

Written by Will Milner
Dubai Golden Triangle of Wealth villa sales luxury Palm Jebel Ali real estate palm jumeirah
Dubai “Golden Triangle of Wealth” leads $10.9m+ villa sales as luxury districts like Palm Jebel Ali, Tilal Al Ghaf and The Oasis emerge

The Dubai real estate sector recorded AED21.99bn ($6bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED14.78bn ($4bn), according to Land Department data.

In total there were 4,386 sales transactions recorded between December 15 and 19.

Dubai real estate last week

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

  • An apartment in W Residences in Palm Jumeirah sold for AED41m ($11.1m)
  • An office in Enara by Omniyat in Business Bay sold for AED38.4m ($10.4m)
  • An apartment in Solaya 6 in La Mer sold for AED38.2m ($10.4m)

The Land Department also showed mortgage deals worth AED4.68bn ($1.3bn) last week.

Gift transactions in the same period were valued at AED2.53bn ($689m).

Follow us on

Author