Dubai real estate transactions totalled AED13.47 billion ($3.67 billion) last week, according to data from the Dubai Land Department.
Sales made up the bulk of the total at AED8.59 billion ($2.3 billion), across 2,676 sales transactions registered between 12 and 16 October.
Biggest Dubai real estate transactions of the week
Among the highest-value sales listed on the Land Department website were:
- An apartment in W Residences, Palm Jumeirah, sold for AED53.7 million ($14.6 million).
- An office in Sensoria at Five Luxe, Marsa Dubai, sold for AED21.8 million ($5.9 million).
- An apartment in Bugatti Residences by Binghatti, Business Bay, sold for AED20.9 million ($5.7 million).
Mortgages and gifts
Mortgage transactions totalled AED3.72 billion ($1 billion) over the week, while gift transactions were valued at AED1.16 billion ($316 million).
Mortgage figures cover loans registered against properties, while gift transactions record properties transferred without a sale.
Official figures are published by the Dubai Land Department.
Follow the weekly Dubai real estate transactions on our DLD transactions page, and see how buyer sentiment is shifting in our report on Dubai buyers staying active despite price-cooling expectations.
Source: Arabian Business, citing Dubai Land Department data.
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