DUBAI REAL ESTATE RECORDS MASSIVE TRANSACTIONS IN A WEEK
The Dubai real estate sector recorded AED13.7bn (US$3.7bn) of transactions in a week, including two consecutive days with more than US$1bn of deals.
The sum of transactions for the week ending July 7 was 3,244, according to Dubai Land Department data.
?323 plots were sold for AED3.33bn (US$907m) and 2,237 apartments and villas were sold for AED5.37bn (US$1.5bn).
Among the top transactions for land was a plot in Marsa Dubai sold for AED230.14m (US$63m) and a plot sold for AED130m (US$35m) in Al Thanayah Fourth in third place.