Dubai real estate sector recorded $5.4bn of transactions last week, including $55m Jumeirah apartment

The Dubai real estate sector recorded AED19.92bn ($5.4bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED15.18bn ($4.1bn), according to Land Department data.

In total there were 4,637 sales transactions recorded between November 10 and 14.

Dubai real estate last week

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

• An apartment in Jumeirah Residences Asora in Jumeirah First sold for AED203m ($55.3m)
• An apartment in The Alba Residences in Palm Jumeirah sold for AED60.65m ($16.5m)
• An apartment in Enara by Omniyat in Business Bay sold for AED57.3m ($15.7m)

The Land Department also showed mortgage deals worth AED3.59bn ($977m) last week.

Gift transactions in the same period were valued at AED1.15bn ($313m).