The total transactions in the Dubai real estate market during the current week recorded 12.4 Billion Dirhams, resulting from 2,389 procedures, according to data from the “Dubai Rest” application of the Land Department in the emirate.
Sales achieved 5.85 Billion Dirhams, through 1,950 deals, with the “Dubai Islands” region topping the list of regions, in terms of sales volume, with a value of 420 Million Dirhams, through 55 deals, then “Al-Yafra 1” came second, with about 314 Million Dirhams, resulting from 53 deals. It was followed by the third “Jumeirah Village Circle” with 409 Million Dirhams, through 453 sales.
According to Dubai Land Department data, the number of residential units sold reached 1,698 properties, apartments accounted for the largest share with 1,576 units, while villas (buildings) recorded 122 unit sales, and the number of land transactions reached 248 deals.
With regard to mortgages, it recorded 5.92 Billion Dirhams, resulting from 361 procedures, the highest of which was in the “Saih Al Dahl” area, with a value of 4.25 Billion Dirhams, resulting from one procedure, then “Business Bay” again, with 257.5 Million Dirhams, through 40 procedures, followed by a third “ Al Barsha First” at about 155 Million Dirhams through a single mortgage.
Finally, donations reached 602 Million Dirhams, achieved through 78 procedures, the highest of which came in “Business Bay” with 430 Million Dirhams resulting from 4 procedures, then “Damac Hills” again with 25.5 Million Dirhams, achieved through 4 transactions, and “The Hills” The UAE is third with 22.2 Million Dirhams through one procedure.