Dubai real estate sector recorded $5.4bn of transactions last week, including $26m Jumeirah apartment

The Dubai real estate sector recorded AED19.86bn ($5.4bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED14.78bn ($4bn), according to Land Department data.

In total there were 4,522 sales transactions recorded between November 3 and 7.

Dubai real estate last week

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

• An apartment in Jumeirah Residences Asora in Jumeirah First sold for AED96.9m ($26.4m)
• An apartment in Binghatti Aquarise – TOWER in Business Bay sold for AED45.7m ($12.4m)
• An apartment in Peninsula Dubai Residences – Tower in Jumeirah Second sold for AED37.6m ($10.2m)

The Land Department also showed mortgage deals worth AED4.11bn ($1.1bn) last week.

Gift transactions in the same period were valued at AED970m ($264m).