Real estate transactions in Dubai, on Thursday, amounted to 2.38 Billion Dirhams, resulting from 793 procedures, including sales, mortgages and donations, according to data from the Land Department in the emirate.
“Dubai Land” data showed that the sector’s sales in the emirate achieved 1.89 Billion Dirhams, through 638 deals, as the Dubai Islands region topped the list of regions in terms of value, with 389 Million Dirhams, through 38 deals, then “Jumeirah Village Circle” came second with about 134. One Million Dirhams resulted from 135 deals, followed by “Al Wasl” with 99 Million Dirhams through 30 deals.
The number of residential units sold reached 562 properties, apartments accounted for the largest share with 526 units, while villas (buildings) recorded 36 units sold, and the number of lands reached 76 transactions.
With regard to mortgages, it recorded about 396 Million Dirhams, resulting from 114 procedures, the highest of which was in the Palm Jumeirah area, with a value of 153 Million Dirhams, resulting from two procedures, then “Unearthed Gardens” again, with 62 Million Dirhams, through one procedure, followed by “City Mohammed bin Rashid – Neighborhood 1” at about 41 Million Dirhams through 29 transactions.
As for donations, they approached 92 Million Dirhams, resulting from 41 measures, the highest of which was in “Palm Jumeirah” with 18.6 Million Dirhams, then “Al-Satwa” was second with 17.5 Million Dirhams, and “Dubai Islands” was third with about 14 Million Dirhams.