The Dubai real estate sector recorded a significant total of AED17.73 billion ($4.8 billion) in transactions last week, as reported by the Land Department. This surge in activity highlights the ongoing vibrancy of the property market in the region.

Sales transactions were the main contributor, amounting to AED13.22 billion ($3.6 billion), according to the data. During the period from June 23 to June 27, there were a total of 4,109 sales transactions documented.

Among the notable sales were an apartment in Balqais Residences in Palm Jumeirah, which sold for AED29 million ($7.9 million), and another apartment in The Royal Atlantis Resort and Residences, fetching AED11.3 million ($3.1 million). Additionally, an apartment in Bayview Apartment located in Dubai Harbour sold for AED11 million ($3 million).

The Land Department also reported mortgage deals valued at AED3.17 billion ($863 million) for the same week. Furthermore, gift transactions during this period amounted to AED1.34 billion ($365 million).

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