The Dubai real estate sector saw $5.5bn of transactions and 4,116 sales last week

Last week, the Dubai real estate market generated AED20.1 billion ($5.5 billion) in transactions, according to Land Department figures.

Sales transactions topped the results, totaling AED16.48 billion ($4.5 billion), according to Land Department data.

There were a total of 4,116 sales transactions between May 5 and May 9.

Dubai real estate this week

Some of the most expensive sales transactions mentioned on the Land Department website were:

• An apartment at Jumeirah Residences Asora Bay in Jumeirah sold for AED96.9 million ($26.3 million).
• An property at Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2 million ($17.1 million).
• An property at Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2 million ($17.1 million).

Last Monday, the Land Department showed mortgage sales for AED2.87 billion ($781 million).

The total value of gift transactions within the same time period was AED740.9 ($202 million).