According to figures from the Land Department, the Dubai real estate market saw transactions totaling more than AED19 billion ($5.2 billion) last week.
According to Land Department data, sales dominated the figures, with AED12.48bn ($3.3bn).
Between September 23 and September 27, 4,609 sales transactions were registered.
Dubai real estate this week
Among the top sales transactions listed on the Land Department website were:
- An apartment in One at Palm Jumeirah sold for AED275m ($75m)
- An apartment in Six Senses Residences The Palm sold for AED56m ($15.2m)
- An apartment in Burj Binghatti sold for AED32.6m ($8.9m)
Last week, the Land Department also displayed mortgage transactions totaling AED 5.82 billion ($1.6 million).
Gift transactions in the same period were valued at AED746m ($203m).
Also Read: A Guide to Luxury Accommodations in Downtown Dubai
End Words
In conclusion, those magnificent figures underscore Dubai’s endured prominence as a global property hotspot. The sizable quantity of transactions, particularly inside the luxurious section, displays robust investor confidence in the emirate’s property market. With excessive-cost sales in iconic locations like Palm Jumeirah, Dubai is cementing its status as a destination for top-class property investments. The strong interest throughout various transaction kinds – from sales to mortgages and gifts – shows a dynamic and numerous market that keeps attracting each neighborhood and worldwide hobby despite international economic uncertainties.
