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Dubai real estate sector recorded $4bn of transactions last week, including Palm Jumeirah apartment sold for $35.4m

The Dubai real estate sector saw $4bn of transactions last week

Dubai's Evolving Luxury Real Estate Market

The Dubai real estate sector recorded AED14.54bn ($4bn) of transactions last week, according to data from the Land Department.

Sales dominated the figures, with AED9.12bn ($2.5bn), according to Land Department data.

In total there were 3,229 sales transactions recorded between November 11 and November 15.

Dubai real estate this week

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

  • An apartment in Six Senses Residences, The Palm sold for AED130m ($35.4m)  
  • An apartment in Bugatti Residences by Binghatti sold for AED110.1m ($30m)
  • An office in Burj Khalifa Towers sold for AED50m ($13.6m)

The Land Department also showed mortgage deals worth AED3.33bn ($907m) last week.

Gift transactions in the same period were valued at AED2.09bn ($569m).

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