Posted inReal EstateLatest NewsUAE

Dubai real estate sector recorded $4.15bn of transactions last week, including pair of luxury $16.8m Palm Jumeirah apartments

The Dubai real estate sector saw $4.15bn of transactions and 3,531 sales last week

Dubai Palm Jumeirah real estate

The Dubai real estate sector recorded AED15.238bn ($4.15bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED10.3bn ($2.8bn), according to Land Department data.

In total there were 3,531 sales transactions recorded between March 24 and March 28.

Dubai real estate this week

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

  • An apartment in The Alba Residences in Palm Jumeirah sold for AED61.8m ($16.8m)
  • An apartment in The Alba Residences in Palm Jumeirah sold for AED61.6m ($16.8m)
  • An apartment in Como Residences in Palm Jumeirah sold for AED52.2m ($14.2m)

The Land Department also showed mortgage deals worth AED4.13bn ($1.1bn) last week.

Gift transactions in the same period were valued at AED807.8m ($220m).

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.