Dubai's real estate sector reported $6 billion in transactions last week, with mortgages accounting for $3.4 billion.

According to data from the Land Department, the week saw a total of AED 21.99 billion ($6 billion) in transactions, including AED 11.02 billion ($3.4 billion) in mortgages. A total of 3,345 sales transactions were recorded between December 23 and December 27.

Highlights of Dubai's Real Estate Activity:

Among the highest-value sales transactions registered on the Land Department website were:

• An apartment at the Royal Atlantis Resort and Residences, Palm Jumeirah, sold for AED 58 million ($15.8 million).
• An apartment at Sobha Seahaven sold for AED 27.34 million ($7.4 million).
• An apartment at Damac Bay sold for AED 26.8 million ($7.3 million).

Additionally, the Land Department recorded AED 9.25 billion ($2.5 billion) in sales deals and AED 1.72 billion ($468 million) in gift transactions during the same period.