Dubai real estate sector recorded $7.1bn of transactions last week, including $150m Bugatti apartment

The Dubai real estate sector recorded AED26bn ($7.1bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED18.72bn ($5.1bn), according to Land Department data.

In total there were 4,467 sales transactions recorded between December 8 and 12.

Dubai real estate last week

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

• An apartment in Bugatti Residences by Binghatti in Business Bay sold for AED550m ($150m)
• An apartment in Enara by Omniyat in Business Bay sold for AED61.1m ($16.6m)
• An apartment in Solaya 3 in Jumeirah First sold for AED52.1m ($14.2m)

The Land Department also showed mortgage deals worth AED6.77bn ($1.8bn) last week.

Gift transactions in the same period were valued at AED465m ($127m).