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Published on 12/02/2024

Dubai Real Estate Sees $3.7bn in Transactions Last Week

Dubai Market Records Strong Sales with Notable Luxury Property Deals

The Dubai real estate market recorded AED13.55bn ($3.7bn) in transactions last week with sales making up the majority at AED10bn ($2.7bn), according to the Land Department. A total of 3,110 sales transactions were completed between November 25 and 29.

Among the notable transactions were:

INNER (2)
  • A luxury apartment in AVA at Palm Jumeirah, sold for AED78.6m ($21.4m)

  • Two offices in Enara by Omniyat, sold for AED75m ($20.4m) and AED62.8m ($17.1m), respectively.

Additionally, mortgage deals totaled AED2.9bn ($790m) while gift transactions amounted to AED597m ($162.5m).