The momentum of real estate transactions in Dubai continues, with real estate transactions in Dubai recording AED 17.4 billion last week through 4,651 deals.
3,603 sales worth AED 9.91 billion, 821 mortgage deals worth AED 3.28 billion and 227 grants worth AED 4.26 million were recorded within 5 working days.
Weekly sales transactions included 335 land sales, 2,988 residential unit sales and 280 building sales, while mortgage transactions included 230 land mortgages, 484 residential unit mortgages and 138 building mortgages. Dubai Creek Harbour came in first in terms of sales value with AED 764 million through 269 transactions.
The second place went to the Rain City area with 135 deals worth AED 561 million, then Jumeirah Village Circle with 371 deals worth AED 476 million, the fourth place went to the Business Bay area with 214 deals worth AED 471 million, and the fifth place went to the Motor City area with 18 deals worth AED 341 million.
The market witnessed the sale of a commercial plot of land in the Motor City area for AED 219 million, while another plot of land was sold in the Dubai Science Park area for AED 215 million, in addition to the sale of a ready villa in the Palm Jumeirah area within the “ZABEEL SARAY” project for AED 45 million on 412 square meters.