On Monday, total transactions in the Dubai real estate market amounted to 3.07 Billion Dirhams, resulting from 663 procedures, according to data from the Land Department in the emirate.
Sales achieved 2.11 Billion Dirhams, through 484 deals, with the “Dubai Islands” region topping the list of regions, in terms of sales volume, with a value of 336 Million Dirhams, through 42 deals, after recording the sale of a plot of land within the Dubai Islands project for a value of 273 Million Dirhams.
Then the “Al-Yafra 1” area came second, with about 291 Million Dirhams, resulting from 36 deals, followed third by “Horizon” with 239 Million Dirhams, through 4 deals. The number of residential units sold reached 335 properties, apartments accounted for the largest share with 283 units, while villas (buildings) recorded 52 units, and the number of land transactions reached 149 deals.
With regard to mortgages, about 474 Million Dirhams were recorded, resulting from 140 procedures, the highest of which was in the “Jumeirah Bay” area, with a value of 110.6 Million Dirhams, resulting from one procedure, then “Dubai Hills” came second, with 60 Million Dirhams, through 4 procedures.
Finally, donations reached 485 Million Dirhams, achieved through 39 measures, the highest of which was in “Business Bay” at 427 Million Dirhams.