Total transactions in the Dubai real estate market during the week recorded 11 Billion Dirhams, resulting from 3,910 procedures, according to data from the Land Department in the emirate.
Sales achieved 9.2 Billion Dirhams through 3,250 deals, with the “Airport City” region topping the list of regions in terms of sales volume with a value of 649 Million Dirhams through 198 deals, then “Jumeirah Village Circle” came second with about 631.7 Million Dirhams resulting from 50 deals, followed by a third. “Zabeel First” for 560 million dirhams through 165 deals.
Sales of residential units (apartments and villas) reached the barrier of 6.27 Billion Dirhams, resulting from 2,908 deals. The Dubai Water Canal area topped the first place with the sale of an apartment worth 140 Million Dirhams in the Casa Canal project, followed second by “Burj Khalifa” with about 44 Million Dirhams. Thirdly, “Palm Jumeirah” sold a residential apartment for 43.5 Million Mirhams.
In terms of land, its value approached 2.92 Million Dirhams through 343 deals, the highest of which was recorded in “Al-Hebiyah Fourth” with two deals worth 103 Million and 73 Million Dirhams, and a third in “Ghadeer Al-Tair” with about 66 Million Dirhams.
With regard to mortgages, it recorded 1.28 Billion Dirhams, resulting from 533 procedures, the highest of which was in the “Al Furjan” area, with a value of 129.5, resulting from 13 procedures, then “Jumeirah Village Circle” was second, with 81.2 Million Dirhams, through 37 procedures, followed by “Wadi Al Safa 3″ About 77.8 Million Dirhams through a single mortgage.
Finally, donations reached 510.6 Million Dirhams, achieved through 17 measures, the highest of which came in “Business Bay” with 190.6 Million Dirhams, then “Dubai Silicon One” with 51 Million Dirhams, and “Emirates Hills” third with 41 Million Dirhams.