Total transactions in Dubai’s real estate market during the week touched the AED 14.5 billion barrier resulting from 4,307 procedures, according to data from the website of the emirate’s Land and Property Department.
Sales achieved AED 11.8 billion, through 3,432 transactions, the highest of which was in the Airport City area at AED 1.69 billion resulting from 67 transactions, including the sale of a plot of land worth AED 1.5 billion, followed by Palm Jebel Ali second with AED 1.06 billion through 51 transactions, then Al Yalayis 1 third with AED 1.03 billion achieved through 678 transactions.
Mortgages reached AED 2.12 billion resulting from 711 procedures. The first commercial center area came in first place with AED 325 million through one procedure, followed by Palm Jumeirah second with AED 131 million resulting from 10 procedures, then Jaddaf Waterfront third with AED 124 million through 3 procedures.
As for donations, they reached AED 597 million through 164 transactions, the highest of which was in Sheikh Mohammed bin Rashid Gardens with AED 100 million through one transaction, then Emirates Hills second with AED 66 million resulting from 3 transactions, followed by Business Bay third with AED 58 million through 30 transactions.
Daily transactions on Friday achieved more than AED 3.3 billion through 821 procedures. Sales recorded AED 3.3 billion resulting from 467 transactions, then mortgages with AED 194 million through 96 procedures, and finally donations worth AED 160 million through 29 transactions.