Dubai's real estate sector saw substantial activity last week, recording $6.25 billion in transactions, with prominent sales in Jumeirah.

The Dubai real estate market witnessed an impressive AED22.94 billion ($6.25 billion) in transactions over the past week, as reported by data from the Land Department.

Sales activities were at the forefront, accounting for AED18.39 billion ($5 billion) of the total transactional volume. This surge in sales was reflected in 4,638 sales transactions recorded from May 26 to May 30.

Key Sales Highlights

The Land Department's reports emphasized notable high-value sales among other transactions. Notably, some of the most expensive sales were:

  • An apartment in Jumeirah Residences Asora Bay fetched a significant AED163.8 million ($44.6 million).
  • Another apartment in the same location was sold for AED143.6 million ($39.1 million).
  • A third property within the development changed hands for AED121.2 million ($33.1 million).

Additionally, the records from the Land Department detailed mortgage dealings that were valued at AED3.47 billion ($944 million) in the same timeframe.

Gift transactions also contributed to the total figures, coming in at AED1.08 billion ($294 million).