The Dubai real estate market recorded a record performance during July, with 17,000 sales worth 55.5 billion dirhams recorded. 10 areas recorded about 51% of the total sales, including Al Barsha South Fourth, Business Bay, Dubai Marina, Jebel Ali First, Wadi Al Safa, and Al Thanyah Fifth.
According to Property Finder, the ready real estate market in Dubai during July recorded the highest levels in terms of the number and value of sales ever, with 8,400 transactions.
The ready real estate market recorded transactions worth 36 billion dirhams, exceeding the highest level recorded in June 2024, with an increase of 23%.
The off-plan sales market achieved an increase of 77% year-on-year, through 9,300 transactions. Yesterday, real estate transactions in Dubai recorded 2.7 billion dirhams through 1,224 deals.
1,012 sales worth 2.15 billion dirhams were recorded, including 78 sales of land, 848 sales of residential units, and 86 sales of buildings. Airport City topped area sales in terms of value with 437 million dirhams through 102 deals, followed by “Meydan One” with a value of 113 million dirhams through 65 deals, then Nad Al Sheba is first with 94 million dirhams with 7 deals, followed by Dubai Studio City with 132 deals worth 79 million dirhams.
Mortgages amounted to approximately 456 million dirhams, carried out through 174 transactions, including 40 mortgages for land, 108 mortgages for residential units, and 26 mortgages for buildings. The market also witnessed the recording of 38 donations worth 97 million dirhams.