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Dubai's property sector showed strong activity last week, with deals topping AED 15.06 billion ($4.2 billion), as reported by the Dubai Land Department. This number shows Dubai's ongoing draw as a global property hotspot.
Sales led the week's deals, reaching AED 9.67 billion ($2.6 billion). From August 26 to August 30, 3,436 sales deals were logged, showing the sector's busy nature.
Top sales included pricey flats, with one in BV Residences selling for AED 70 million ($19.1 million). Two flats in Opulent Residences also sold for AED 43 million ($11.7 million) and AED 39.9 million ($10.9 million).
The Land Department also noted big mortgage activity, with deals worth AED 4.01 billion ($1.1 billion) in the same time. Also, gift deals were worth AED 1.38 billion ($376 million) showing varied investment plans in the market.
These numbers back up Dubai's place as a top spot for property investment, thanks to its key location, top-notch infrastructure, and good economic conditions. As the market keeps growing, it stays a key part of Dubai's plan for economic growth.
