The Dubai real estate sector experienced significant activity last week, recording a total of AED22.94 billion ($6.25 billion) in transactions, according to data from the Land Department. This figure highlights the ongoing strength of the market, driven primarily by robust sales transactions.

Out of the total transactions, sales transactions accounted for AED18.39 billion ($5 billion). During the period from May 26 to May 30, a total of 4,638 sales transactions were documented, showcasing a vibrant real estate landscape in Dubai.

Among the notable sales recorded were several high-value apartment transactions in Jumeirah Residences Asora Bay. An apartment in this development was sold for AED163.8 million ($44.6 million), another for AED143.6 million ($39.1 million), and a third for AED121.2 million ($33.1 million). Additionally, the Land Department reported mortgage deals amounting to AED3.47 billion ($944 million) and gift transactions valued at AED1.08 billion ($294 million) during the same week.