Written by Will Milner

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Dubai real estate sector recorded MASSIVE $6.5bn of transactions last week, including $22m Jumeirah apartment

The Dubai real estate sector saw $6.5bn of transactions and 4,798 sales last week, including an apartment sold for $22m

Written by Will Milner
Dubai real estate
Dubai has increasingly become a part of the average high net worth individual's investment portfolio, attracting residents from cities like New York, Singapore, and Paris. Image: Shutterstock

The Dubai real estate sector recorded AED23.8bn ($6.5bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED19.49bn ($5.3bn), according to Land Department data.

In total there were 4,798 sales transactions recorded between November 24 and 28.

Dubai real estate last week

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

  • An apartment in Aman Residences in Jumeirah Second sold for AED81m ($22.1m)
  • An apartment in Solaya 2 in Jumeirah First sold for AED61.7m ($16.8m)
  • An apartment in Enara by Omniyat in Business Bay sold for AED58m ($15.8m)

The Land Department also showed mortgage deals worth AED3.68bn ($1bn) last week.

Gift transactions in the same period were valued at AED632m ($172m).

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