Dubai’s real estate division recorded an AED of $18.5 billion ($5 billion) of transactions last week, according to data from the land department.
In sales transactions, figures were dominated by AED 14.57 billion ($4 billion) according to State Department data.
A total of 4,171 sales transactions were recorded between the 7th and April 11th.
Dubai real estate this week
Among the most expensive sales transactions listed on the Land Department website were:
- The price of a private residence flat in the Dubai Water Canal neighborhood was AED 140 million ($38.1 million).
- The price of an apartment in Palm Jumeirah’s Como Residences was AED70.1 million ($19.1 million).
- An office in the Burj Khalifa area The 118 sold for AED65 million ($17.7 million).
Last week, the Land Department showed mortgage shops worth AED3.12bn ($849.4m) last week.
The gift deal during the same period was valued at AED 821.7 million US$ ($223.7 million).
