Dubai real estate sector recorded $4bn of transactions last week, including $42m apartment

The Dubai real estate sector recorded AED14.64bn ($4bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED10.82bn ($2.95bn), according to Land Department data.

In total there were 4,300 sales transactions recorded between October 13 and 17.

Dubai real estate last week

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

• An apartment in BULGARI Lighthouse in Island 2 sold for AED155m ($42.2m)
• An apartment in Jumeirah Residences Asora Bay in Jumeirah First sold for AED70m ($19.1m)
• An apartment in One At Palm Jumeirah in Palm Jumeirah sold for AED54.25m ($14.8m)

The Land Department also showed mortgage deals worth AED3.05bn ($831m) last week.

Gift transactions in the same period were valued at AED770m ($210m).