Dubai real estate sector recorded $5.6bn of transactions last week, including $24m Business Bay apartment

The Dubai real estate sector recorded AED20.57bn ($5.6bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED16.76bn ($4.6bn), according to Land Department data.

In total there were 4,461 sales transactions recorded between October 27 and 31.

Dubai real estate last week

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

• An apartment in Volante 2 in Business Bay sold for AED86.6m ($23.6m)
• An apartment in Passo by Beyond – Tower A in Palm Jumeirah sold for AED52m ($14.2m)
• An apartment in One Canal in Dubai Water Canal sold for AED49m ($13.3m)

The Land Department also showed mortgage deals worth AED3.07bn ($836m) last week.

Gift transactions in the same period were valued at AED740m ($201m).