Dubai real estate sector recorded $5.1bn of transactions last week, including $31m Palm Jumeirah apartment

The Dubai real estate sector recorded AED18.87bn ($5.1bn) of transactions last week, according to data from the Land Department.

Sales transactions dominated the figures, with AED14.48bn ($3.9bn), according to Land Department data.

In total there were 4,544 sales transactions recorded between December 22 and 26.

Dubai real estate last week

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

• An apartment in Asora Jumeirah Residences in Jumeirah First sold for AED115m ($31.3m)
• A shop in Binghatti Aquarise Tower B in Business Bay sold for AED53.8m ($14.7m)
• An apartment in Aman Residences Dubai in Jumeirah Second sold for AED48.8m ($13.3m)

The Land Department also showed mortgage deals worth AED2.09bn ($569m) last week.

Gift transactions in the same period were valued at AED2.30bn ($626.3m).