Dubai real estate sector recorded $4.6bn of transactions last week, including $31.6m Jumeirah apartment
parveen 
Dubai Real Estate Sector Records $4.6bn in Transactions Last Week
Dubai’s real estate market witnessed a total of AED17.05bn ($4.6bn) in transactions last week, as per data from the Land Department.
Sales transactions dominated, contributing AED12.31bn ($3.4bn) to the total, with 4,153 deals recorded between February 3 and February 7.
Top High-Value Sales
Some of the most expensive property sales reported by the Land Department included:
- An apartment in The Rings, Jumeirah, sold for AED116m ($31.6m).
- An apartment in Alba Residences, Palm Jumeirah, fetched AED65m ($17.7m).
- An apartment in Serenia Residences, Palm Jumeirah, was sold for AED58m ($15.8m).Additionally, mortgage transactions for the week amounted to AED4.15bn ($1.1bn), while property transfers classified as gifts were valued at AED586m ($160m).
