On Tuesday, total transactions in the Dubai real estate market recorded 2.13 Billion Dirhams, resulting from 857 procedures, according to data from the Land Department in the Emirate.
Sales achieved 1.67 Billion Dirhams through 703 deals, with the “Jumeirah Village Circle” area topping the list of areas in terms of sales volume with a value of 105.6 Million Dirhams, through 79 deals, then “Wadi Al Safa 2” came second with about 105.5 Million Dirhams, resulting from 13 deals. , followed by “Dubai Islands” for 92.6 Million Dirhams, through 15 deals.
Sales of residential units (apartments and villas) touched the barrier of 988 million, resulting from a deal, the highest of which was for an apartment within the “Palm Jumeirah” area at a value of 16.7 Million Dirhams, followed by another apartment in “Dubai Marina” for about 16.5 Million Dirhams, then an apartment within “Business Bay.” Also for 12 Million Dirhams.
In terms of land, its value approached 679 Million Dirhams, achieved through 85 deals, the highest of which was recorded in “Motor City” with a value of 78.7 Million Dirhams, then a second in “Jumeirah Village Circle” also with 34.6 Million Dirhams, and third in “Majan” with approximately 32.5 Million Dirhams.
With regard to mortgages, about 391.3 Million Dirhams were recorded, resulting from 112 procedures, the highest of which was in the “Emirates Hills” area, with a value of 99.3 Million Dirhams, resulting from 5 procedures, then “Meydan Avenue” again, with 73.5 Million Dirhams, through one procedure. It was followed by the third “Jumeirah Bay” with about 28.8 million dirhams through a single mortgage.
Finally, donations reached 69.5 Million Dirhams, achieved through 42 measures, the highest of which came in “Jumeirah Lakes Towers” with 11.9 Million Dirhams, then “Dubai Hills” with 11 Million Dirhams, and “Sobha Hartland” third with 9.1 Million Dirhams.