Real estate transactions in the Dubai market on Monday reached AED 6.4 billion, resulting from 1,387 transactions, according to data from Dubai REST, the electronic application of the emirate’s Land Department.
Sales reached AED 5.6 billion, resulting from 1,004 transactions. The highest value was recorded in the Dubai Multi Commodities Centre (DMCC), with a value of AED 1.45 billion, achieved through a single land transaction. Me’aisem II came in second place with approximately AED 881 million, achieved through 50 transactions, followed by Dubai Marina with AED 273 million, resulting from 29 transactions.
Mortgages also generated AED 608 million through 307 transactions. Al Furjan came in first with a value of AED 78 million, resulting from 49 transactions. Emirates Hills came in second with AED 76 million, resulting from 11 transactions. Arjan came in third place with approximately AED 50 million, achieved through 54 transactions.
As for donations, they reached AED 196 million through 76 transactions. Business Bay came first with AED 40 million through 169 transactions, followed by Jumeirah Village Circle with AED 37 million through 18 transactions, and Barsha Heights in third place with AED 30 million resulting from three transactions.