Dubai real estate sector recorded $3.9bn of transactions last week, including two Palm Jumeirah apartments sold for over $20m each

The Dubai real estate sector recorded more than AED14.3bn ($3.9bn) of transactions last week, according to data from the Land Department.

Sales dominated the figures, with AED9.47bn ($2.6bn), according to Land Department data.

In total there were 3,168 sales transactions recorded between July 1 and July 5.

Dubai real estate this week

Among the top listed sales transactions listed on the Land Department website were:

• An apartment in Orla Infinity by Omniyat, in Palm Jumeirah sold for AED77m ($20.9m)
• A second apartment in Orla Infinity by Omniyat, in Palm Jumeirah for AED75.8m ($20.6m)
• An apartment in Baccarat Residences, near the Burj Khalifa sold for AED43.5m ($11.8m)

The Land Department also showed mortgage deals worth AED3.87bn ($1.05bn) last week.

Gift transactions in the same period were valued at AED925m ($252m).

Source: Arabian Business