The Dubai real estate sector has witnessed a significant surge in transactions, with a total value of AED9.19bn ($2.5bn) recorded last week, according to data from the Land Department.
Sales Transactions Dominate the Market
Sales transactions dominated the market, with a total value of AED6.59bn ($1.8bn) between June 17 and June 21. This is a promising sign for the Emirate’s real estate market, which has been steadily recovering from the pandemic.
Top Sales Transactions
Some of the top sales transactions listed on the Land Department website include:
- An apartment in Orla Infinity by Omniyat, Palm Jumeirah, sold for AED75m ($20.4m)
- An apartment sold in Armani Beach Residences, Palm Jumeirah, for AED34.4m ($9.4m)
- An apartment in Armani Beach Residences, Dubai Water Canal, sold for AED30.9m ($8.4m)
Mortgage Deals and Gift Transactions
The Land Department also reported mortgage deals worth AED2.42bn ($659m) last week. Additionally, gift transactions in the same period were valued at AED181m ($49m).
Stay tuned for more updates on the Dubai real estate market. Follow our blog for the latest news, trends, and insights on the Emirate’s real estate sector.
JobXDubai 
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