Dubai Real Estate Market Hits $4.6 Billion in Sales Last Week, Including $31.6 Million Apartment in Jumeirah

Dubai’s real estate sector recorded a turnover of 170.5 billion dirhams (US$4.6 billion) last week.
In terms of sales transactions, this figure contributed 123.1 billion dirhams (US$3.4 billion), according to the Ministry of Foreign Affairs.

A total of 4,153 sales transactions were recorded between 3 and 7 February.

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Dubai real estate this week

Some of the most expensive sales transactions listed on the country’s website include: 

• An apartment at Jumeirah Ring  sold for AED 116 million (US$31.6 million) 
• An apartment at Alba Residences on the Palm Jumeirah sold for AED 65 million (US$17.7 million). 
• An apartment at Serenia Residences on the Palm Jumeirah sold for AED 58 million (US$15.8 million). 

The country’s finance ministry also revealed a mortgage transaction worth AED 450 million (US$1.1 billion) last week. 

Gift transactions during the same period were valued at AED 586 million (US$160 million).