Last week, real estate transactions at the Dubai Land Department recorded more than 15.45 billion dirhams, resulting from 5,028 transactions. The department witnessed the recording of more than 3,983 sales transactions worth 10.63 billion dirhams, 736 real estate mortgage deals worth 3.54 billion dirhams, and 309 donation transactions worth 1.28 million. Dirham.
The weekly sales deals were divided into 372 land sales, 3004 residential unit sales, and 607 building sales, while mortgage deals were divided into 210 land mortgages, 418 residential unit mortgages, and 122 building mortgages.
The Business Bay area came in the lead in terms of sales value with 896 million dirhams resulting from 224 deals, and the Al Yafra 1 area came second with 293 deals worth 777 million dirhams, third was the Wadi Al Safa 5 area through 173 deals worth 776 million dirhams, and fourth was the Dubai Hills area through 284 deals worth 628 million dirhams, and fifth is Ras Al Khor First Industrial Zone with 259 deals worth 605 million dirhams.