Dubai real estate transactions during the week of the UAE’s 53rd National Day celebrations amounted to AED 6.2 billion, resulting from 2,665 transactions, according to the Dubai Land Department website.
According to the data, sales amounted to AED 4.89 billion, for 1,924 transactions, including 1,556 residential units sold, 211 buildings, and 157 lands, with the highest sales in Palm Jumeirah after 24 properties were sold for AED 273.3 million, followed by the airport area, after 73 transactions were executed for AED 263.6 million, then Business Bay with 106 properties sold for AED 245.7 million.
Mortgages recorded 443 transactions worth AED 1.04 billion, with Dubai Water Canal coming in first place with AED 130.2 million, resulting from two transactions, Burj Khalifa with AED 68.9 million, and Dubai Land Residence Complex in third place with AED 66.1 million.
Donations reached 298 transactions, totaling AED 347.9 million, led by Dubai Land Residence Complex with 227 properties worth AED 90.4 million, followed by Palm Jumeirah with 5 properties worth AED 55.4 million, and Jebel Ali First with one property worth AED 42.88 million.