The real estate momentum in Dubai continued last week, and the value of transactions at the Land Department recorded 17.5 billion dirhams through 5,129 transactions, within 5 working days, exceeding 1,000 real estate transactions on average per day, as the department witnessed the recording of more than 4,182 sales worth 13.3 billion dirhams, and 750 real estate mortgage transactions with a value of 2.95 billion dirhams and 197 donations worth 1.24 million dirhams.
The weekly sales deals were divided into 692 land sales, 3054 residential units, and 436 buildings. Mortgage deals were divided into: 188 land mortgages, 811 residential unit mortgages, and 118 building mortgages.
Wadi Al Safa 7 came at the top of the regions in terms of sales value with 1.51 billion dirhams resulting from 246 deals, and the second Meaisem area came second with 72 deals worth 1.42 million dirhams, and third was the Wadi Al Safa 5 area through 252 deals worth 1.03 billion dirhams, and fourth was the Business Bay area through 326 deals worth 909 million dirhams, and fifth is the Burj Khalifa area through 37 deals worth 408 million dirhams.
During the week, the real estate market witnessed the sale of commercial land in the Jumeirah Lakes Towers area for a value of 219 million dirhams, and an off-plan residential apartment in the Palm Jumeirah area within the Serenia Living project was sold for a value of 110 million dirhams, with an area of about 1,748 square meters, in addition to the sale of industrial land in The Dubai Maritime City area was sold for 107 million dirhams, and a residential apartment in the Dubai Marina area was sold for 54 million dirhams, with an area of about 1,309 square meters.