Dubai real estate sector recorded $4.8bn of transactions last week, including $28m Dubai Marina apartment

The Dubai real estate sector recorded a remarkable $4.8 billion in transactions last week, according to data from the Land Department. Sales transactions accounted for the majority of this total, reaching $3.9 billion, with a noteworthy 4,475 sales recorded between October 14 and October 18.

Among the standout sales were high-value properties, including an apartment in (https://primepalaces.com/property/), which sold for $27.6 million, and two apartments in Bulgari Lighthouse, sold for $21.2 million and $18.8 million, respectively.

In addition to sales, the Land Department reported mortgage deals valued at $806 million, as well as gift transactions totaling $117 million during the same period. This strong activity underscores the ongoing vibrancy and attractiveness of Dubai's real estate market, reflecting both investor confidence and the allure of luxury properties in the region.