Real estate disposals in Dubai, the last week of 2024, touched about 22 billion dirhams, resulting from 4,812 deals, according to the Dubai Land Department.
According to the data and figures, published by the Department through its website Friday, the value of real estate mortgages in a week amounted to 11 billion dirhams, from 820 transactions, the highest of which was recorded in the Luna Residences area by 41 million resulting from the mortgage of 190 units, followed by 8 lands worth 27 million, in the “Murj Al-Furjan West area”, while the value of land in the “Fairway Vistas area” was 19 million dirhams.
Real estate sales during the week reached 9.2 billion dirhams, resulting from 3345 transactions, including land, buildings, villas, residential units, and other sales.
The highest sales were recorded during the last week, in the «Mohammed Aqeel Ali and Ahmed Ali Al-Zarouni” area, for land, worth 272.5 million dirhams, in the «Bin Ghati Sky Rise area» 142 units were sold for 255 million dirhams, and in the «Dmac Sun City area», 67 lands were sold for 200 million.
The value of donations reached 1.7 billion dirhams, resulting from 647 transactions, the highest of which was 133 million for 140 units, in the Bluewave area, while in the Nobles area, 64 transactions were recorded with 132 million, and in the Regina area, the value of 57 units was 55 million dirhams.
It is worth mentioning that the total transactions of Dubai Properties, since the beginning of this year until mid-December, amounted to AED 719 billion, through 22,045 transactions, compared to AED 634 billion resulting from 16,400 transactions, for the same period last year, an increase of 13.4% in value and 33%, in terms of the number of deals respectively.