Dubai real estate sector recorded $4.2bn of transactions last week, including $19m Jumeira Bay Island apartment
Thursday, 12 September 2024
Last week, the Dubai real estate sector witnessed impressive activity, with transactions totalling over AED 15.06 billion ($4.2 billion), according to data from the Land Department. Here’s a breakdown of the highlights:
- Total Sales Volume: AED 9.67 billion ($2.6 billion) in sales, dominating the week’s transactions.
- Number of Sales: A total of 3,436 sales transactions were recorded between August 26 and August 30.
Top Sales Transactions:
- BV Residences: An apartment sold for AED 70 million ($19.1 million).
- Opulent Residences: Two significant sales, one for AED 43 million ($11.7 million) and another for AED 39.9 million ($10.9 million).
Additional Highlights:
- Mortgage Deals: The Land Department reported mortgage transactions amounting to AED 4.01 billion ($1.1 billion).
- Gift Transactions: Valued at AED 1.38 billion ($376 million) during the same period.
This surge in activity reflects the ongoing dynamism and attractiveness of Dubai’s real estate market, continuing to draw significant investment and interest.
