Dubai’s real estate market recorded AED15.238bn ($4.15bn) in transactions last week, with sales leading the way at AED10.3bn ($2.8bn), according to the Dubai Land Department.

A total of 3,531 sales transactions were recorded between March 24 and March 28. Among the priciest deals, two apartments in The Alba Residences, Palm Jumeirah, sold for AED61.8m ($16.8m) and AED61.6m ($16.8m), while a unit in Como Residences fetched AED52.2m ($14.2m).

Mortgage transactions totaled AED4.13bn ($1.1bn), while gift transfers amounted to AED807.8m ($220m). Dubai’s luxury property sector continues to drive record-breaking sales, reinforcing its status as a global investment hotspot.