This week, the Dubai real estate sector witnessed transactions totaling $2.7 billion, with notable activity including the sale of a $38 million apartment in Island 2.

According to the Dubai Land Department, the Dubai real estate sector logged transactions amounting to AED9.8 billion ($2.7 billion) during the week. Ending on February 9, there were a total of 3,543 transactions, including the sale of 197 plots for AED1.61 billion ($438 million) and 2,572 apartments and villas for AED5.68 billion ($1.547 billion).