The total transactions in the Dubai real estate market, within a week, amounted to 13.67 Billion Dirhams, resulting from 7,735 procedures, according to data from the “Dubai Rest” application of the Land Department in the emirate.
Sales achieved about 9.5 Billion Dirhams, through 3,600 deals, with “Ras Al Khor Industrial 1” topping the list of regions, in terms of sales volume, with 735.3 Million through 362 deals, then “Dubai Islands” second with about 730 Million through 79 deals, followed by “Burj Khalifa” in third with 267 Million through 100 sales.
According to Dubai Land, the real estate market in Dubai recorded, within a week, 3,244 residential sales worth 6.4 Billion Dirhams. Apartments accounted for the largest share at 5.8 Billion Dirhams (3,049 transactions), while villas reached 616 Million Dirhams (195 transactions), while Land sales reached 3.05 Billion Dirhams through 354 deals. In the highest value residential deals, “Dubai Water Canal” topped the list with 67 Million through the sale of a residential apartment, then an apartment in “Business Bay” again for 54 Million.
Regarding the highest land deals, “Burj Khalifa” came first with about 200 Million Dirhams, then “Muhaisnah II” second with 67.4 Million. And regarding mortgages, it recorded 3.5 Billion Dirhams resulting from 977 procedures, the highest of which was in “Palm Jumeirah” with a value of one Billion for 311 procedures, then “Tecom Set A” again with 507 Million and one procedure.
On Friday, daily transactions achieved 1.4 Billion Dirhams through 580 procedures. Sales recorded 1.11 Billion through 441 transactions, then mortgages amounted to about 232 Million through 124 procedures, and finally donations amounted to 64 Million and 15 transactions.