Dubai real estate sector recorded HUGE $5.2bn of transactions last week, including $75m MINDBLOWING Palm Jumeirah apartment

Sales dominated the figures, with AED12.48bn ($3.3bn), according to Land Department data.

In total there were 4,609 sales transactions recorded between September 23 and September 27.

Dubai real estate this week

Among the top listed sales transactions listed on the Land Department website were:

• An apartment in One at Palm Jumeirah sold for AED275m ($75m)       
• An apartment in Six Senses Residences The Palm sold for AED56m ($15.2m)   
• An apartment in Burj Binghatti sold for AED32.6m ($8.9m)

The Land Department also showed mortgage deals worth AED5.82bn ($1.6m) last week.

Gift transactions in the same period were valued at AED746m ($203m).