Total transactions in Dubai’s real estate market reached AED 15 billion in one week, resulting from 4,908 transactions, according to data from the Dubai REST app of the emirate’s Land and Property Department.
Sales achieved around AED 13 billion, through 4,060 transactions, with the Airport City area topping the list of areas in terms of sales volume, with a value of AED 1.98 billion, through 483 transactions, followed by Dubai Harbour in second place with around AED 1.82 billion, resulting from 8 transactions, followed by Dubai Silicon Oasis in third place with AED 716 million, through 49 sales.
As for mortgages, they recorded AED 1.7 billion resulting from 718 procedures, the highest of which was in the “Al Nahda 1” area, with a value of AED 112.5 million resulting from one procedure, followed by “Dubai Hills” in second place with AED 102 million through 16 procedures, followed by “Al Furjan” in third place with about AED 101 million through 29 mortgages.
Finally, donations reached AED 413 billion, achieved through 130 transactions, the highest of which was in “Dubai Hills” with AED 129 million resulting from 3 transactions, then “Dubai Investment Park 1” came in second with AED 42 million, achieved through 2 transactions, and “Burj Khalifa” came in third with AED 30 million through 7 transactions.
Daily transactions on Friday achieved AED 2.78 billion through 822 procedures. Sales recorded AED 2.46 billion resulting from 24 transactions, then mortgages at AED 293 million through 120 procedures, and finally donations worth AED 28 million through 17 transactions.