The total transactions in the Dubai real estate market, within a week, amounted to 15.1 billion dirhams, resulting from 4,598 procedures, according to data from the “Dubai Rest” application of the Land Department in the emirate.
Sales achieved about 9.8 billion dirhams, through 3,700 deals, with the “Dubai Islands” region topping the list of regions in terms of size, with a value of 575.4 million dirhams, through 63 deals, then “Ras Al Khor Industrial First” came second with about 509.5 million dirhams, resulting from 263 deals. A deal, followed by a third, “Sheikh Mohammed bin Rashid Gardens,” for 508 million dirhams, through 216 sales.
According to Dubai Land Department data, the real estate market in Dubai recorded, within a week, 3,370 residential sales worth 6.9 billion dirhams. Apartments accounted for the largest share at 6.056 billion dirhams (3,157 transactions), while villas reached 835.2 million dirhams (213 transactions). When land sales reached 2.87 billion dirhams through 329 deals.
In terms of the highest residential deals in terms of value, “Palm Jumeirah” topped the list with 81 million dirhams, then “Burj Khalifa” was second with 80 million dirhams, followed by “Al Jaddaf” in third with 42.7 million dirhams.
Regarding the highest land deals, the “Mohammed Bin Rashid City – District 1” area came first with about 96 million dirhams, then “Palm Jumeirah” second with 64.7 million dirhams, followed by “Palm Jebel Ali” with a value of 45.6 million dirhams.
With regard to mortgages, it recorded 4.4 billion dirhams, resulting from 716 procedures, the highest of which was in the “Palm Jumeirah” area, with a value of 1.13 billion dirhams, resulting from 23 procedures, then “Business Bay” was second, with 669.3 million dirhams, through 38 procedures, followed by a third. “Palm Jebel Ali” for approximately 536.4 million dirhams through 10 mortgages.
Finally, donations reached 914.4 million dirhams, achieved through 182 procedures, the highest of which was in “Al Quoz Industrial First” at 240 million dirhams, resulting from one procedure, then “Palm Jumeirah” again, with 159 million dirhams, achieved through 13 transactions, and “Jumeirah Bay” is third, with 116.6 million dirhams through one procedure.