Last week, the Dubai real estate market generated AED20.1 billion ($5.5 billion) in transactions, according to Land Department figures.
Sales transactions topped the results, totaling AED16.48 billion ($4.5 billion), according to Land Department data.
There were a total of 4,116 sales transactions between May 5 and May 9.
Dubai real estate this week
Some of the most expensive sales transactions mentioned on the Land Department website were:
- An apartment at Jumeirah Residences Asora Bay in Jumeirah sold for AED96.9 million ($26.3 million).
- An property at Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2 million ($17.1 million).
- An property at Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2 million ($17.1 million).
Last Monday, the Land Department showed mortgage sales for AED2.87 billion ($781 million).
The total value of gift transactions within the same time period was AED740.9 ($202 million).