Dubai’s Real Estate Sector Surges with Over AED13 Billion in Sales
The Dubai real estate sector saw transactions exceeding AED17.5 billion ($4.8 billion) last week, according to data from the Land Department.
This marks an increase of approximately $500 million compared to the AED15.9 billion ($4.3 billion) recorded the previous week.
Sales were the major contributor, totaling AED13.34 billion ($3.6 billion), as per Land Department data.
Dubai Real Estate Last Week:
A total of 4,182 sales transactions were recorded between June 3 and June 7.
Top sales transactions listed on the Land Department website included:
- An apartment in Serenia Living – Tower 3, Palm Jumeirah, sold for AED110 million ($30 million)
- An apartment in FIVE LUXE, Marsa DXB, sold for AED54 million ($14.7 million)
- An apartment in Six Senses Residences The Palm, Palm Jumeirah, sold for AED49 million ($13.4 million)
The Land Department also reported mortgage deals worth AED2.95 billion ($803 million) last week.
Gift transactions during the same period were valued at AED1.24 billion ($338 million).
