The real estate market in Dubai continues its strong rise, as it recorded more than 1,000 sales transactions at the beginning of the week’s trading, Monday, which is a record number of sales transactions, the value of which exceeded 2.65 Billion Dirhams, distributed among residential units (apartments and villas) and lands, according to data from the Land Department. In the emirate.
Dubai Land Department data revealed that total real estate transactions in the Dubai market recorded 3.7 Billion Dirhams, resulting from 1,286 procedures, including sales, mortgages, and donations.
In detail, the data showed that the sector’s sales in the emirate achieved 2.65 Billion Dirhams, through 1,060 deals, as the “Sheikh Mohammed bin Rashid Gardens” area topped the list of areas in terms of value with 254 Million Dirhams through 114 deals, then “Al Jaddaf” second with about 245. One Million Dirhams resulted from 15 deals, followed by a third, “Burj Khalifa,” with 158 Million Dirhams through 36 deals.
The number of residential units sold reached 976 properties, apartments accounted for the largest share with 930 units, while villas (buildings) recorded 46 unit sales, while the number of lands reached 84 transactions.
With regard to mortgages, it recorded about 741 Million Dirhams, resulting from 207 procedures, the highest of which was in the “Dubai Waterfront” area, with a value of 142 Million Dirhams resulting from one procedure, then “Discovered Gardens” again, with 128 Million Dirhams through two procedures, followed by a third “ Palm Jebel Ali” worth about 80 Million Dirhams through a single transaction.
As for donations, they approached 324 Million Dirhams, resulting from 19 measures, the highest of which was in “Al Quoz Industrial 1” with 240 Million Dirhams, then “Dubai Investment Park One” was second with 40 Million Dirhams, and “Jumeirah Village Circle” was third with about 10.7 Million Dirhams.