Dubai Real Estate Sector Records $5.2 Billion in Transactions, Highlighted by $23 Million Office Sale
Dubai's real estate sector reported AED 5.2 billion (USD) in transactions last week.?
Sales transactions made up the majority, totalling AED 13.53 billion (USD 3.7 billion), according to data from the land sector.?
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Between February 24th and 28th, a total of 4,477 sales transactions were recorded.?
Notable high-value transactions listed on the country’s website include:?
·???????? The office at Omniyat Enara in Business Bay, sold for AED 84 million (USD 23 million).?
·???????? An apartment in Jumeirah’s Ring, sold for AED 55.2 million (USD 15 million).?
·???????? Another Jumeirah Ring apartment was sold for AED 54.4 million (USD 14.8 million).?
Additionally, the land sector reported mortgage transactions valued at AED 46.9 billion (USD 1.3 billion) and gift transactions amounting to AED 799 million (USD 228 million) for the same period.?