V27 Property Development

Dubai real estate sector recorded $3bn of transactions last week, including $9.3m apartment in The Mural

Dubai real estate sector recorded $3bn of transactions last week, including $9.3m apartment in The Mural

Dubai real estate sector saw $3bn of transactions and 3,140 sales last week, including luxury apartment.

The Dubai real estate sector recorded AED11.19bn ($3bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED7.44bn ($2bn), according to Land Department data.

In total there were 3,140 sales transactions recorded between June 22 and 26.

Dubai real estate last week

Among the most expensive sales transactions listed on the Land Department website were:

  • An apartment in The Mural in Madinat Dubai Almelaheyah sold for AED34.3m ($9.3m)
  • An apartment in Bugatti Residences by Binghatti in Business Bay sold for AED34m ($9.26m)
  • An apartment in Bugatti Residences by Binghatti in Business Bay sold for AED33.2m ($9m)
The Land Department also showed mortgage deals worth AED2.59bn ($705m) last week.

Gift transactions in the same period were valued at AED1.16bn ($316m).