Dubai real estate transactions achieved more than AED 13.5 billion during the week ending December 13, 2024. Sales recorded AED 10.42 billion through 1,006 deals, and the most sold areas during the week were Business Bay with AED 751.9 million, including 162 units for a total of AED 407 million and a plot of land for AED 354 million.
In second place came Airport City with AED 649.59 million, distributed between 49 villas for AED 191 million, 14 plots of land for AED 271 million, and 204 units for a total of AED 187 million.
In third place came Jumeirah Village Circle with AED 585 million, as it witnessed the registration of 415 units for a total of AED 401 million, 8 villas for AED 22.7 million, and 4 plots of land for AED 161.23 million. In terms of mortgages, 1,070 mortgages were registered in 5 days worth AED 2.24 billion, while grants amounted to AED 889.38 million for 136 grants.
During the week, Damac Properties announced a new achievement by achieving sales worth more than AED 10 billion within 10 hours, with the sale of more than 3,100 residential units within the recently announced “Damac Islands” project. These figures reflect the continued strong demand for living in residential communities in Dubai.
On Friday, Dubai real estate recorded 730 sales deals worth AED 2.04 billion, led by Airport City with land deals worth AED 260 million. 108 mortgages were registered worth AED 232.28 million, and 8 donations worth AED 11.15 million.