4,000 Real Estate Deals Worth AED 12 Billion in Dubai in One Week

Total transactions in Dubai’s real estate market amounted to AED 16.4 billion, resulting from 5,210 transactions during the week. According to data from the Dubai REST app of the Land Department, sales reached AED 12 billion, through 4,090 transactions, with Ghadeer Al tair topping the list of areas in terms of sales volume, with a value of AED 2 billion, resulting from a deal to sell 123 plots of land.

Mortgages amounted to AED 3.5 billion, resulting from 905 procedures, the highest of which was in Al Qusais Industrial Area 1, with a value of AED 693 million resulting from a single procedure.

Grants touched AED 964 million, achieved through 215 transactions, the highest of which was in Palm Jumeirah, with AED 260 million resulting from 10 transactions.

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