28 June 2024

In Dubai, the real estate transactions volume for the past week amounted to 9.19 billion AED ($2.5 billion), according to the Dubai Land Department.

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The Dubai property market exhibited significant activity last week, with sales totaling 6.59 billion AED ($1.8 billion), as reported by the Dubai Land Department. During the period from June 17th to 21st, a total of 2115 real estate transactions were recorded.

Key transactions highlighted by the Dubai Land Department website included:

– A flat in Orla Infinity by Omniyat on Palm Jumeirah, sold for 75 million AED ($20.4 million).
– Apartments in Armani Beach Residences on Palm Jumeirah, sold for 34.4 million AED ($9.4 million).
– Apartments in Armani Beach Residences on Dubai Water Canal, sold for 30.9 million AED ($8.4 million).

Additionally, mortgage transactions amounted to 2.42 billion AED ($659 million), while gift transactions totaled 181 million AED ($49 million) last week, according to the Dubai Land Department.

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