The total transactions in the Dubai real estate market, on Tuesday, recorded 2.23 Billion Dirhams, resulting from 783 procedures, according to data from the “Dubai Rest” application of the Land Department in the emirate.
Sales achieved about 1.68 Billion Dirhams, through 646 deals, with the “Dubai Islands” region topping the list of regions in terms of size, with a value of 253 Million Dirhams, through 24 deals, then “Dubai Maritime City” came second, with about 218 Million Dirhams, resulting from 92 deals. It was followed by the third “Palm Jebel Ali” for 182 Million Dirhams, through 8 sales.
According to Dubai Land Department data, the real estate market in Dubai recorded 626 residential sales worth 1.1 Billion Dirhams. Apartments accounted for the largest share at 981 Million Dirhams (585 deals), while villas reached 105 Million Dirhams (41 deals), while land sales reached To 781 Million Dirhams through 81 deals.
In terms of the highest residential deals in terms of value, “Palm Jumeirah” topped the list with 14.4 Million Dirhams, then “Zabeel 1” came second with 12.7 Million Dirhams, followed by “Bluewaters” in third place with 11.8 Million Dirhams.
Regarding the highest land deals, the “Dubai Islands” area came first with about 45 Million Dirhams, then “Palm Jebel Ali” came second with 41.6 Million Dirhams, followed by “Al-Yafra 1” in third with a value of 45.6 Million Dirhams.
With regard to mortgages, it recorded 414 Billion Dirhams resulting from 108 procedures, the highest of which was in the “Mankhool” area with a value of 135 Million Dirhams, resulting from one procedure, then “Business Bay” again with 49 Million Dirhams, through 5 procedures, followed by a third “ Al Qusais First” at about 31 Million Dirhams through a single mortgage.
Finally, donations reached 135 Million Dirhams, achieved through 29 procedures, the highest of which came in “Al Bidda” with 26.6 Million Dirhams, resulting from one procedure, then “Jumeirah Village Triangle” again with 24 Million Dirhams, achieved through one transaction, and “ Sobha Hartland is third with 15.6 Million Dirhams through 4 procedures.