The total transactions in the Dubai real estate market recorded 1.17 Billion Dirhams on Thursday, resulting from 375 procedures, according to data from the Land Department in the emirate.
The data showed that the sector’s sales in the emirate achieved 778 Million Dirhams, through 293 deals, with the “Dubai Technical Sciences Park” region topping the list of regions in terms of size, with a value of 105 Million Dirhams, through 93 deals, then “Jumaira Village Circle” came second with about 78 Million Dirhams. One Million Dirhams resulted from 81 deals, followed by “Palm Jumeirah” with 71 Million Dirhams through 5 deals.
The number of residential units sold reached 263 properties, apartments accounted for the largest share with 252 units, while villas (buildings) recorded 11 units sold. While the number of land deals reached 30.
With regard to mortgages, about 373 Million Dirhams were recorded, resulting from 63 procedures, the highest of which was in the “Al Furjan” area, with a value of 135 Million Dirhams, resulting from one procedure, then “Dubai Production City” again, with 104 Million Dirhams, through 3 procedures, followed by The third “Palm Jumeirah” amounted to about 57 Million through 4 transactions.
As for donations, they approached 22 Million, resulting from 19 measures, the highest of which was in “Dubailand Residence Complex” at 4.5 Million Dirhams.