The Dubai real estate sector saw $3.7bn of transactions last week
The Dubai real estate sector recorded AED13.55bn ($3.7bn) of transactions last week, according to data from the Land Department.
Sales dominated the figures, with AED10bn ($2.7bn), according to Land Department data.
In total there were 3,110 sales transactions recorded between November 25 and November 29.
Dubai real estate this week
Among the most expensive sales transactions listed on the Land Department website were:
- An apartment in AVA at Palm Jumeirah by Omniyat sold for AED78.6m ($21.4m)
- An office in Enara by Omniyat sold for AED75m ($20.4m)
- An office in Enara by Omniyat sold for AED62.8m ($17.1m)
The Land Department also showed mortgage deals worth AED2.9bn ($790m) last week.
Gift transactions in the same period were valued at AED597m ($162.5m).
Source: www.arabianbusiness.com