Dubai’s real estate market witnessed remarkable activity on Thursday, with real estate transactions reaching AED 3.5 billion, distributed across 1,063 transactions, according to data from the Dubai REST platform of the Dubai Land Department.
These figures demonstrate the continued momentum in the emirate’s real estate market, supported by investor confidence and the diversity of real estate options offered by various areas.
Sales constituted the largest portion of total transactions, with a value exceeding AED 2.5 billion, distributed across 809 sales deals.
Dubai Investments Park 2 topped the list of areas with the highest sales value, recording AED 245 million through 37 deals. Mortgages totaled AED 626 million, distributed across 199 mortgage transactions. Palm Jumeirah recorded the highest mortgage value, amounting to AED 82 million, across seven transactions. The market also witnessed the implementation of 55 gift transactions with a total value of AED 360 million.