Total transactions in Dubai’s real estate market during the week reached AED 14.54 billion, resulting from 4,619 procedures, according to data from the website of the emirate’s Land and Property Department. Sales achieved AED 9.12 billion, through 3,230 transactions, including 2,698 residential units, 248 buildings, and 283 plots of land. The Business Bay area came first with a total of AED 809.73 million through 180 transactions, followed by Jumeirah Village Circle in second place with a total of AED 453.93 million, through 383 transactions, and the Burj Khalifa area came in third place with a total of AED 418.44 million through 87 transactions.
Mortgages recorded about AED 3.33 billion, resulting from 935 procedures, including 635 residential units, 111 buildings, and 189 plots of land. The Business Bay area came first with a total of AED 684.02 million through 35 procedures, followed by the First Commercial Center in second place with a total of AED 350 million, through one procedure, and the Al Riffa area came in third place with a total of AED 305 million, also through one procedure.
The donations touched AED 2.09 billion, achieved through 454 transactions, including 392 residential units, 9 buildings, and 53 plots of land. The Jumeirah Beach Residence area came in first place with a total of AED 447.97 million, through two procedures, followed by Sama Al Jaddaf in second place with a total of AED 431.47 million, through 29 procedures, and the Business Bay area came in third place with a total of AED 380.27 million, through 18 procedures.
The daily transactions on Friday recorded AED 2.17 billion, through 729 procedures. Sales amounted to AED 1.18 billion, resulting from 491 transactions, followed by mortgages at AED 573.36 million, through 205 procedures, and finally donations at AED 407.59 million, through 33 transactions.