The total transactions in the Dubai real estate market recorded two Billion Dirhams on Tuesday, resulting from 767 procedures, according to data from the Land Department in the emirate.
Sales achieved 1.6 Billion Dirhams, through 586 deals, with the “First Zabeel” region topping the list of regions in terms of sales volume, with a value of 128 Million Dirhams, through 40 deals, then “Al-Habiyah Fifth” second, with about 110 Million Dirhams, resulting from 3 deals. It was followed by the third “Palm Jumeirah” with 98 Million Dirhams, through 7 deals.
Sales of residential units (apartments and villas) touched the barrier of 982 Million Dirhams, resulting from 517 deals, the highest of which was for an apartment within the “Burj Khalifa” area at a value of 39.5 Million Dirhams, followed by another apartment in “Jumeirah Bay” at about 34 Million Dirhams, then an apartment within “Al-Wasl.” “Also for 29.8 Million Dirhams.
At the land level, its value approached 604 Million Dirhams, achieved through 69 deals, the highest of which was recorded in “Al-Hebiyah Fourth” with a value of 57 Million Dirhams, then a second in “Al-Quoz Industrial II” also with 48 Million Dirhams, and a third in “Palm Jumeirah” with about 36.5 Million Dirhams.
With regard to mortgages, about 327 Million Dirhams were recorded, resulting from 155 procedures, the highest of which was in the “Palm Jumeirah” area, with a value of 50 Million Dirhams, resulting from 3 procedures, then “Arabian Ranches 1” again, with 13 Million Dirhams, through 4 procedures. It was followed by “Al Barari” for about 13 Million Dirhams through two mortgages.
Finally, donations reached 28 Million Dirhams, achieved through 26 measures, the highest of which came in “Dubai Harbour” with 4.9 Million Dirhams, then “Dubai Marina” with 3.8 Million Dirhams, and “Marsa Dubai” third with 3.4 Million Dirhams.