The total transactions in the Dubai real estate market, on Wednesday, recorded 1.85 Billion Dirhams, resulting from 908 procedures, according to data from the Land Department in the emirate.
The data showed that the sector’s sales in the emirate achieved 1.39 Billion Dirhams, through 739 deals, with the Business Bay region topping the list of regions in terms of size, with a value of 138.7 Million Dirhams, through 54 deals, then “Jumeirah Village Circle” came second with about 133.6 Million Dirhams resulting from 158 deals, followed by “Palm Jumeirah” with 130.5 Million Dirhams through 13 deals.
The number of residential units sold reached 699 properties, apartments accounted for the largest share with 659 units, while villas (buildings) recorded 40 units sold. While the number of land deals reached 40.
With regard to mortgages, about 362 Million Dirhams were recorded, resulting from 155 procedures, the highest of which was in the Palm Jumeirah area, with a value of 65.4 Million Dirhams, resulting from 5 procedures, then “Business Bay” came second with 35 Million Dirhams through 19 procedures, followed by a third “ Emirates Hills” at about 24.5 Million Dirhams, through 5 transactions.
As for the donations, they approached 103 Million Dirhams, resulting from 14 measures, the highest of which came in “International City” with 58 Million Dirhams, then “Al Barsha 3” second with 20 Million Dirhams, and Dubai Marina third with about 6.3 Million Dirhams.