Real estate transactions in the Dubai market recorded AED 4 billion at the start of trading on Monday, resulting from 1,564 transactions, according to data from Dubai REST, the online application of the Dubai Land Department.
The total value of sales reached AED 3 billion, resulting from 1,259 transactions. The highest value was in Jumeirah Village Circle, with AED 247 million generated through 131 transactions. Business Bay came in second place with approximately AED 241 million generated through 137 transactions. Wadi Al Safa 4 came in third with AED 154 million generated through 70 transactions. Dubai Investments Park II came in fourth place with sales reaching AED 144 million generated through 92 transactions. The Dubai Multi Commodities Centre came in fifth place with AED 118 million generated through 52 transactions.
Mortgages also generated AED 589 million through 222 procedures. Jaddaf Waterfront came in first with AED 54 million through 118 procedures, followed by International City (2+3) in second place with AED 35 million resulting from 6 procedures. Jumeirah II came in third with approximately AED 28 million through one procedure. Fourth place went to Pearl Jumeirah with mortgages worth AED 25 million resulting from one procedure. Sobha Hartland came in fifth with AED 118 million achieved through 7 procedures. Donations reached AED 351 million through 83 transactions. Al Satwa came in first with AED 150 million through two transactions, followed by Palm Jumeirah in second place with AED 54 million through two transactions, and Burj Khalifa in third place with AED 46 million resulting from 14 transactions. Mohammed Bin Rashid City – District One came in fourth place with AED 20 million through one transaction, and Jumeirah Village Circle came in fifth with AED 20 million through one transaction.