The total transactions in the Dubai real estate market during the week of Eid Al Adha (3-day transactions) recorded 9.2 billion dirhams, resulting from 2,678 procedures, according to data from the “Dubai Rest” application of the Land Department in the emirate.
Sales achieved about 6.6 billion dirhams, through 2,120 deals, with the “Business Bay” region topping the list of regions, in terms of sales volume, with a value of 565 million dirhams, through 184 deals, then “Wadi Al Safa 7” came second with about 452 million dirhams, resulting from 75 deals, followed by “Nad Al Sheba First” with 386 million dirhams, through 38 sales, and “Dubai Islands” fourth with 378 million dirhams, resulting from 32 deals, and in fifth place came “Wadi Al Safa 5” with about 371 million dirhams through 69 deals.
The real estate sector in the emirate achieved 1,609 sales of residential apartments, with “off-plan” accounting for the largest share with 1,209 units, while ready-made units recorded 400 sales. Sales of buildings/villas reached 135, including 104 off-plan sales and 31 ready units. As for the lands, they amounted to 371 pledges of allegiance.
With regard to mortgages, it recorded 2.42 billion dirhams resulting from 499 procedures, the highest of which was in the “Business Bay” area with a value of 1.56 billion dirhams resulting from 38 procedures, including the mortgage of two plots of land for 1.5 billion dirhams, then “Dubai Hills” again with 133 million dirhams through 18 procedures, followed by “Palm Jumeirah” in third place with about 78 million dirhams through 13 mortgages, and “Umm Al Sheif” fourth with 52 million dirhams resulting from one procedure, and in fifth place came “Emirates Hills” with about 48.5 million dirhams through 9 procedures.
Finally, donations reached 181 million dirhams, achieved through 59 transactions, the highest of which was in “Business Bay” with 36 million dirhams resulting from 6 transactions, then “Airport City” second with 27.5 million dirhams, achieved through 11 transactions, and “Jumeirah Islands.” » Third with 20 million dirhams through one transaction, “Al-Yafra 1” came fourth with 15 million dirhams resulting from 5 transactions, and in fifth place came “Jumeirah Golf” with about 15 million dirhams through 5 procedures.
Daily transactions, on Friday, achieved 1.86 billion dirhams, through 762 procedures. Sales recorded 1.52 billion dirhams, resulting from 668 transactions, then mortgages amounting to approximately 319 million dirhams through 89 procedures, and finally donations worth 18 million dirhams through 5 transactions.