The Dubai real estate market saw transactions of AED16.19 billion ($4.4 billion) last week, according to data from the Land Department.
According to Land Department data, sales transactions accounted for the majority of the figures, totaling AED12.92bn ($3.5bn).
Between June 2 and June 6, 3,276 sales transactions were registered overall.
Dubai real estate last week
According to the Land Department’s website, some of the most costly sales transactions were:
- The price of an apartment in the Burj Khalifa neighborhood at Address Grand Downtown was AED38 million ($10.3 million).
- The price of an apartment in Al Wasl’s Central Park Plaza Tower B was AED31.75 million ($8.6 million).
- The price of an apartment at Peninsula Dubai Residences in Jumeirah was AED30 million ($8.2 million).
- Last week, the Land Department also displayed mortgage deals totaling AED2.6 billion ($708 million).
The total value of gift transactions during that time was AED670 million ($182 million).