Real estate transactions in Dubai began at the beginning of the penultimate week of 2024 with real estate sales, mortgages and donations exceeding AED 9.3 billion, according to data from the Dubai Land Department, resulting from 1,488 transactions.
According to the department, the value of real estate mortgages on Monday amounted to approximately AED 5.21 billion, resulting from 235 procedures, the highest of which was AED 4.35 billion, in the “Dubai Water Canal Area” for the Canal Front Residence project, followed by “Silicon Oasis” worth AED 180 million, and land worth AED 165 million in the Barsha Heights area.
Sales amounted to AED 3.86 billion, resulting from 1,219 transactions, the highest of which was in Dubai Industrial City worth AED 502 million for a single transaction, and AED 397 million in the Palm Jebel Ali area, after selling 19 properties, and in the Airport City, 23 properties were sold worth AED 281 million. Donations at the beginning of the week reached 243 million, achieved through 34 transactions, the highest of which was worth 59.9 million, in Palm Jumeirah resulting from two transactions, then “Dubai Science and Technology Park” with two transactions worth 58.8 million, and “Jumeirah Islands” with 24 million through one transaction.