The real estate market in Dubai saw substantial activity last week, with transactions totaling AED26 billion (approximately $7.1 billion), as reported by the Land Department.

The majority of these transactions were sales, which amounted to AED18.72 billion (around $5.1 billion). A total of 4,467 sales were recorded from December 8 to 12, highlighting a vigorous week for property exchanges.

Among the high-value sales highlighted by the Land Department were several impressive transactions. An apartment in the Bugatti Residences by Binghatti in Business Bay sold for AED550 million (about $150 million). Additionally, an apartment in Enara by Omniyat in Business Bay fetched AED61.1 million ($16.6 million), while another property in Solaya 3 in Jumeirah First was sold for AED52.1 million ($14.2 million).

Moreover, mortgage activities also featured prominently, with total mortgage transactions reaching AED6.77 billion (approximately $1.8 billion) for the week.

In addition to sales and mortgages, gift transactions during this timeframe were valued at AED465 million (around $127 million), further indicating the dynamic nature of the market.