Dubai records real estate transactions worth AED 15.45bn this week

Transactions included properties in Al Barari, Al Furjan, and Palm Deira

The Dubai property market has recorded transactions worth AED 15.45 billion this week, according to the latest data from Dubai Land Department (DLD).

According to the data, transactions included:

• A property transaction in Al Barari worth AED 5.2 million
• A hotel apartment in Al Furjan worth AED 1.4 million
• A house in Palm Deira worth AED 3.2 million

On Saturday, Arabian Business reported that the Dubai and Abu Dhabi property market saw increased office rents in the first quarter of this year, according to CBRE’s office market review.

Dubai’s rental market saw strong activity in the first quarter of the year, according to data from the Dubai Land Department. The total number of rental registrations reached 46,850, representing a 35.8% increase compared to the same period the previous year.

Source: arabianbusiness.com