Real estate transactions in Dubai market recorded, during one week, 17 billion dirhams resulting from 4088 procedures, according to data from “Dubai Rest”.
The value of sales amounted to 12.3 billion dirhams, resulting from 4153 transactions, the highest of which was in Wadi Al Safa 5 area with a value of 925 million dirhams through 280 transactions, then Al Yufrah 1 second with about 815 million dirhams achieved through 167 transactions, followed by Nad Al Sheba 1 third with 790 million dirhams resulting from 89 transactions.
Mortgages also achieved AED 4.15 billion through 797 procedures, with Jumeirah Beach Residence coming in first with AED 1.58 billion through 3 procedures, followed by Palm Jumeirah in second place with AED 251 million resulting from 28 procedures, followed by Emirates Hills in third place with AED 213 million through 18 procedures. As for donations, they reached AED 586 million through 138 transactions, with Emirates Hills coming in first with AED 102 million through two transactions, then Palm Jumeirah in second place with AED 79 million through two transactions, and Dubai Hills in third place with AED 71 million resulting from 8 transactions. On a daily basis, on Friday, real estate transactions achieved 2.1 billion dirhams resulting from 651 transactions, including sales worth 1.54 billion dirhams through 5,174 deals, about 344 million dirhams for mortgages (105 procedures), and finally donations worth 209 million dirhams (29 transactions).