Real estate transactions in Dubai began at the beginning of the last week of 2024, with sales, mortgages and real estate donations, which exceeded 6 billion dirhams, resulting from 1745 transactions.
According to data from the Dubai Department of Property and Land, sales on Monday amounted to AED 4.2 billion, resulting from 1,532 deals, the top of which was recorded in Binghati Skyrise, to sell 328 housing units for 412 million, as well as 105 housing units for 104 million in Binghati Hills, and 47 units worth 67 million were sold in Binghati Grove.
According to the department, the value of real estate mortgages amounted to about 1.4 billion dirhams, resulting from 167 procedures, the highest of which was 14 million in «Murj Al-Furjan West» for 5 lands, followed by «Arabian Ranches-Rasha Community», which resulted from two land mortgages worth 13 million, and 7 villas were mortgaged for 9 million dirhams in «Arabian Ranches 111-Rubba”.
The value of the donations at the weekend reached 372 million, verified 46 transactions, the top of which was recorded for land in “Palm Jebel Ali – Al-Safaa M” worth 21 million, followed by 3 villas in the “Sustainable City” with 14 million, and a land transaction was made worth 10 million dirhams in “Redwood Avenue”.