Dubai Real Estate Sector Recorded $4.4bn Of Transactions Last Week, Including $10m Downtown Apartment

The Dubai real estate sector recorded AED16.19bn ($4.4bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED12.92bn ($3.5bn), according to Land Department data.

In total there were 3,276 sales transactions recorded between June 2 and June 6.

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

An apartment in Address Grand Downtown in Burj Khalifa area sold for AED38m ($10.3m)
An apartment in Central Park Plaza Tower B in Al Wasl sold for AED31.75m ($8.6m)
An apartment in Peninsula Dubai Residences in Jumeirah sold for AED30m ($8.2m)

The Land Department also showed mortgage deals worth AED2.6bn ($708m) last week.

Gift transactions in the same period were valued at AED670m ($182m).

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