Dubai’s real estate sector recorded $3.9 billion in transactions last week

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The Dubai real estate sector recorded over AED14.41 billion ($3.9 billion) in transactions last week, as reported by the Land Department. Sales were the dominant factor, contributing AED9.04 billion ($2.5 billion) of the total, with 3,542 transactions registered between September 2 and 6.

Highlighted sales included:

  • An apartment in Bluewaters Bay sold for AED48.365 million ($13.2 million),
  • An apartment in Casa Canal for AED28 million ($7.6 million),
  • An apartment in Sobha Seahaven Tower A for AED25.8 million ($7 million).

Additionally, mortgage deals amounted to AED4.19 billion ($1.1 billion), and gift transactions were valued at AED1.18 billion ($321 million).

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