Real estate transactions in the Dubai Land Department yesterday amounted to 2.44 billion dirhams, through 903 deals.
The department witnessed the registration of 669 sales worth 1.71 billion dirhams, including 52 sales of lands, 561 sales of residential units and 56 sales of buildings.
The Burj Khalifa area topped sales in terms of value with AED 142 million through 34 deals, followed by the Dubai Marina area with AED 131 million, resulting from 32 deals, the Business Bay area came in third with AED 98 million through 51 deals, and the World Islands area came in fourth with one deal worth AED 87 million.
The real estate market recorded the sale of an off-plan villa in the Amalie Island project for AED 78 million, in addition to the sale of an off-plan apartment in Dubai Marina for AED 25 million. Mortgages recorded a value of AED 441 million through 187 transactions, including 47 land mortgages, 109 residential mortgages, and 31 building mortgages. The market also witnessed the registration of 47 donations worth AED 295 million.
It is worth noting that the real estate sector in Dubai continued its strong performance, achieving a growth in sales of 32% during the first eight months of this year, recording AED 330 billion, while sales in August touched AED 47 billion, which is the highest value for the same month ever, and is also considered the second highest monthly value in the history of the market after the record results of last July.