The Dubai real estate sector continues to thrive, recording a staggering AED15.06 billion ($4.2 billion) worth of transactions between August 26 and August 30, 2024, according to data released by the Dubai Land Department.

Sales Leading the Charge

Sales were the dominant force in this week’s figures, contributing AED9.67 billion ($2.6 billion) of the total. This reflects strong demand in the market, with a total of 3,436 property sales recorded over the five days.

Noteworthy Deals of the Week

Among the top deals, an apartment in BV Residences made headlines by selling for AED70 million ($19.1 million). Two other notable sales occurred at Opulent Residences, where one apartment fetched AED43 million ($11.7 million), and another was sold for AED39.9 million ($10.9 million).

Mortgage Deals Also Show Strength

In addition to these impressive sales figures, the Land Department reported that mortgage transactions reached a value of AED4.01 billion ($1.1 billion) during the same week. This further highlights the ongoing strength and stability in Dubai's property market.

As always, the Dubai real estate market continues to be a dynamic space, offering numerous opportunities for both investors and homeowners alike.

Stay tuned for more updates!

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