Real estate disposals in the Dubai market, within 3 days with the resumption of work after the Happy Eid al-Fitr holiday, recorded 7.4 billion dirhams resulting from 2219 procedures, according to data from “Dubai Rest”, the electronic application of the Department of Land and Properties.
The sales amounted to AED 4.9 billion, resulting from 1724 deals, the top of which came in the Ellis 1 area worth 415 million dirhams through 134 deals, then Dubai Shiping City again with about 282 million dirhams achieved through 43 deals, followed by Wadi Al Safa 5 third with AED 260 million resulting in 39 deals.
The mortgage also achieved 2.16 billion dirhams through 414 procedures, Business Bay came first with a value of 931 million dirhams through 20 procedures, then Dubai Technical Science City second with 211 million dirhams resulting from 5 procedures, followed by Jumeirah Village Circle in third place with about 120 million dirhams through 43 procedures.
As for the donations, they reached 318 million dirhams through 81 transactions; Dubai Harbour area came first worth 70 million dirhams through 19 transactions, then Burj Khalifa in second place with about 41 million dirhams through 5 transactions, and Business Bay third with 28 million dirhams resulting from 4 transactions.
On a daily level, on Friday, real estate disposals achieved 1.53 billion dirhams resulting from 534 disposals, including sales of 1.24 billion dirhams through 431 deals, about 226 million dirhams for mortgages (90 procedures), and finally donations of 66 million dirhams (13 transactions).